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Private Finance Initiative

Volume 450: debated on Thursday 26 October 2006

21. To ask the Chancellor of the Exchequer how much private finance initiative expenditure has been categorised as (a) on-balance and (b) off-balance sheet since 1997. (97076)

The asset/liability value of PFI/PPP’s that are “on” the Government balance sheet should be available from the resource accounts of the contracting authority and these are also scored in capital departmental expenditure limits (DEL). Data on all projects that have reached financial lose can be found on the HM Treasury “PFI Signed Deals List” on the HM Treasury website:

The balance sheet treatment of PFI projects is determined by an independent auditor following United Kingdom generally accepted accounting practice, including financial reporting standards issued by the independent Accounting Standards Board (ASB).