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Including finance lease liabilities in public sector net debt: PFI & Other
Describing the approach, accounting definitions,
source data and results arising from public-private partnerships and PFI projects
Authors: Adrian Chesson, Fenella Maitland-Smtih
Economic Trends, no 636, pp 27-42. ISSN: 0013-0400
This article starts by explaining what a finance lease is, and the standards for recording liabilities under finance leases. Since those PFI projects that are judged as being on the public sector balance sheet make up the majority (by capital value) of public sector liabilities incurred under finance leases, and because PFI is often an area of interest, the article includes a section on how PFI projects are treated in the National Accounts and public sector finances.
This is followed by sections addressing the main measurement issues facing the compilers of National Accounts and public sector finances.
Published in web format: 15 November 2006 at 9:30 am
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