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NHS: PFI

Volume 475: debated on Monday 12 May 2008

To ask the Secretary of State for Health what the effects will be on his Department's (a) resource and (b) capital budget for (i) 2009-10 and (ii) 2010-11 of bringing NHS private finance initiative projects on balance sheet. (203442)

My right hon. Friend the Chancellor announced in the March 2008 budget that the accounts of central Government Departments would be produced under International Financial Reporting Standards from financial year 2009-10. The Department is now undertaking a full assessment of moving to the new standards which includes examining the accounting and resource (capital and revenue) implications for the national health service's private finance initiative and other public private partnership schemes.