Letters: No accounting

Public debt is even greater than the government figures because PFI projects transfer borrowing to the private sector.

By The Newsroom

Published 2nd May 2010, 22:50 BST

Updated 2nd May 2010, 23:06 BST

This reduces the apparent size of public debt, but the actual repayment of the borrowing, over many years ahead, is still met by the taxpayer. PFI/PPP is simply an accounting device to put borrowing "off balance-sheet", and hide the true amount of public debt.

RD Cramond

Oswald Road, Edinburgh

Edinburgh