The Enron accounting of Private Finance Initiatives

posted by
August 23, 2011
Adam Smith Institute
by Nigel Hawkins  
Posted in Commentary

"The Treasury Select Committee (TSC) has recently directed its fire at PFI deals -- and not before time. PFI became widely adopted in the early 1990s and has expanded remorselessly ever since. In essence, it is a procurement initiative for large capital projects that seeks to combine the Government’s low cost of borrowing with the private sector’s ability to deliver far more efficiently." (08/23/11)  

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