Budgeting and accounting for PPP arrangements

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.

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