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):

• Budgeting and accounting for PPP arrangements

---

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.

• FD letter (PDF 54.8KB)
• FRAB accounting paper (PDF 91.5KB)

 

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.

• Introduction to Classification

Useful links for budgeting and accounting of PPP/PFI transactions

• Office for National Statistics
• Eurostat
• IFRS Foundation

 

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.

• Whole of Government Accounts

 

 

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.

• Procurement and contract management
• Standardised contractual guidance
• Finance guidance
• Budgeting and accounting for PPP arrangements
• Value for money assessment for using private finance
• Archived guidance

---

Updated: October 20, 2024