Summary
THE unlamented death of the private finance initiative (PFI) was advertised yesterday by its biggest critics in Scotland, the SNP. Its press release marked the arrival of new accounting rules which mean PFI and its offspring - public private partnerships (PPP) and the SNP's own not-for-profit-distribution (NPD) - can no longer act as clever wheezes to keep debt off the books.
In fact, according to the SNP, using these methods will now count twice in the accounts.See the full content of this document
Extract
Pfi Is Dead, but There's Little Life Left in Sft
This came on a day when a finance committee report on capital funding was debated in parliament, as a Scottish Building Federation press release blamed the Scottish Government's stagnation on projects ...
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