Minutes of Evidence
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TUESDAY 13 OCTOBER 2009
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Memorandum by Dr Timothy Stone, KPMG LLP
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[Q6]
[Q6]
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Q6a-How should future payments by the Government under existing Private Finance contracts be recorded in public sector accounts?
Q6b-Is risk transfer an appropriate test?
Q6c-Should all such liabilities be included in the national debt?
Q6d-Should they be accounted for separately from government debt?
Q6e-How much does the public sector accounting treatment of capital and revenue aspects of projects matter?