PFI balance sheet regulations.
Series: Financial Times ; 25 June 1999, 10(1)Publication details: 1999Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB3524-31 (Browse shelf(Opens below)) | 1 | Available | 101980-1001 |
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.