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Title: United Kingdom Treasury - Budgeting and accounting for PPP arrangements

Language: English

Type: Document

Nature: Guidelines

Published: January 1, 2024

Region: Europe and Central Asia (ECA)

Country: United Kingdom

Topic: Financing and Risk Mitigation

Keywords: PPPs by Topic *, Financing and Risk Mitigation **, United Kingdom

Document Link(s):

Document Summary:

Budgeting and accounting for PPP arrangements

Document Details:

HM Treasury finance director letter - draft IFRS accounting standard for PFI

The FD letter introduces a discussion paper on accounting for PPP arrangements, including PFI contracts, under IFRS.

 

Further information on how to record PPP/PFI contracts and how to seek a classification of a project and the technical guidance on national accounts standards for PFI and similar transactions can be found in the Budgeting and classification section.

Useful links for budgeting and accounting of PPP/PFI transactions

 

Whole of Government Accounts

Whole of Government Accounts (WGA) is a consolidated set of financial statements for the UK public sector, which includes the Government’s commitments under Private Finance Initiative (PFI) contracts.

 

 

Related Resources

The Treasury provides guidance on a number of topics. This includes the publication A new approach to Public Private Partnerships and Standardisation of PF2 contracts (December 2012) and guidance on assessing the value for money of privately financed projects, as well as finance, procurement and contract management.

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