PFI balance sheet regulations.
PFI balance sheet regulations.
- 1999
- Financial Times 25 June 1999, 10(1) .
The government and the Accounting Standards Board have agreed how to judge if a PFI (Private Finance Initiative) deal should be counted on the government's balance sheet. If a contract is found not to transfer sufficient risk to the private sector, or if it looks too much like a lease, it would be on the balance sheet. In a U-turn, this will apply retrospectively to the £11bn deals already signed.
PRIVATE FINANCE INITIATIVE
PFI
ACCOUNTING STANDARDS BOARD
The government and the Accounting Standards Board have agreed how to judge if a PFI (Private Finance Initiative) deal should be counted on the government's balance sheet. If a contract is found not to transfer sufficient risk to the private sector, or if it looks too much like a lease, it would be on the balance sheet. In a U-turn, this will apply retrospectively to the £11bn deals already signed.
PRIVATE FINANCE INITIATIVE
PFI
ACCOUNTING STANDARDS BOARD