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.
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.