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Meaning of "Private Finance Initiative" in the English dictionary

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PRONUNCIATION OF PRIVATE FINANCE INITIATIVE

Private Finance Initiative play
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GRAMMATICAL CATEGORY OF PRIVATE FINANCE INITIATIVE

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Private Finance Initiative is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES PRIVATE FINANCE INITIATIVE MEAN IN ENGLISH?

Private Finance Initiative

Private finance initiative

The private finance initiative is a way of creating "public–private partnerships" by funding public infrastructure projects with private capital. Developed initially by the governments of Australia and the United Kingdom, and used extensively there and in Spain, PFI and its variants have now been adopted in many countries as part of the wider programme of privatisation and financialisation driven by an increased need for accountability and efficiency for public spending. PFI has also been used simply to place a great amount of debt 'off-balance sheet'. PFI has been controversial in the UK; the National Audit Office felt in 2003 that it provided good value for money overall. However more recently the Parliamentary Treasury Select Committee found that "PFI should be brought on balance sheet. The Treasury should remove any perverse incentives unrelated to value for money by ensuring that PFI is not used to circumvent departmental budget limits. It should also ask the OBR to include PFI liabilities in future assessments of the fiscal rules".

Definition of Private Finance Initiative in the English dictionary

The definition of Private Finance Initiative in the dictionary is a government scheme to encourage private investment in public projects PFI.

WORDS THAT BEGIN LIKE PRIVATE FINANCE INITIATIVE

Privacy Act
privado
Privatdocent

WORDS THAT END LIKE PRIVATE FINANCE INITIATIVE

active
administrative
alternative
collaborative
comparative
conservative
cooperative
creative
decorative
derivative
in the negative
informative
initiative
innovative
legislative
narrative
native
negative
quantitative
relative
representative

Synonyms and antonyms of Private Finance Initiative in the English dictionary of synonyms

SYNONYMS

Translation of «Private Finance Initiative» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF PRIVATE FINANCE INITIATIVE

Find out the translation of Private Finance Initiative to 25 languages with our English multilingual translator.
The translations of Private Finance Initiative from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «Private Finance Initiative» in English.

Translator English - Chinese

私人融资计划
1,325 millions of speakers

Translator English - Spanish

Iniciativa de Financiación Privada
570 millions of speakers

English

Private Finance Initiative
510 millions of speakers

Translator English - Hindi

निजी वित्त पहल
380 millions of speakers
ar

Translator English - Arabic

مبادرة التمويل الخاص
280 millions of speakers

Translator English - Russian

Частная инициатива Финансы
278 millions of speakers

Translator English - Portuguese

Private Finance Initiative
270 millions of speakers

Translator English - Bengali

প্রাইভেট ফাইন্যান্স ইনিশিয়েটিভ
260 millions of speakers

Translator English - French

Private Finance Initiative
220 millions of speakers

Translator English - Malay

Inisiatif Kewangan Swasta
190 millions of speakers

Translator English - German

Private Finance Initiative
180 millions of speakers

Translator English - Japanese

プライベート·ファイナンス·イニシアティブ
130 millions of speakers

Translator English - Korean

개인 금융 이니셔티브
85 millions of speakers

Translator English - Javanese

Inisiatif Keuangan Pribadi
85 millions of speakers
vi

Translator English - Vietnamese

Sáng kiến ​​Tài chính cá nhân
80 millions of speakers

Translator English - Tamil

தனியார் நிதி முன்முயற்சி
75 millions of speakers

Translator English - Marathi

खाजगी वित्त पुढाकार
75 millions of speakers

Translator English - Turkish

Özel Finans Girişimi
70 millions of speakers

Translator English - Italian

Private Finance Initiative
65 millions of speakers

Translator English - Polish

Inicjatywa prywatna Finanse
50 millions of speakers

Translator English - Ukrainian

Приватна ініціатива Фінанси
40 millions of speakers

Translator English - Romanian

Inițiativa Finanțe Private
30 millions of speakers
el

Translator English - Greek

Ιδιωτική Πρωτοβουλία Οικονομικών
15 millions of speakers
af

Translator English - Afrikaans

Private Finansies Initiative
14 millions of speakers
sv

Translator English - Swedish

Private Finance Initiative
10 millions of speakers
no

Translator English - Norwegian

Private Finance Initiative
5 millions of speakers

Trends of use of Private Finance Initiative

TRENDS

TENDENCIES OF USE OF THE TERM «PRIVATE FINANCE INITIATIVE»

The term «Private Finance Initiative» is normally little used and occupies the 109.799 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
49
/100
The map shown above gives the frequency of use of the term «Private Finance Initiative» in the different countries.
Principal search tendencies and common uses of Private Finance Initiative
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «Private Finance Initiative».

FREQUENCY OF USE OF THE TERM «PRIVATE FINANCE INITIATIVE» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «Private Finance Initiative» during the past 500 years. Its implementation is based on analysing how often the term «Private Finance Initiative» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about Private Finance Initiative

EXAMPLES

10 ENGLISH BOOKS RELATING TO «PRIVATE FINANCE INITIATIVE»

Discover the use of Private Finance Initiative in the following bibliographical selection. Books relating to Private Finance Initiative and brief extracts from same to provide context of its use in English literature.
1
Private Finance Initiative: seventeenth report of session ...
Recommendations include: the Treasury should consider scoring most PFIs in departmental budgets in the same way as direct capital expenditure; the Treasury should discuss with the OBR the treatment of PFI to ensure that PFI cannot be used ...
Great Britain: Parliament: House of Commons: Treasury Committee, 2011
2
The Private Finance Initiative: Electronic Libraries for ...
This NIAO report examines the delivery of the Electronic Libraries for Northern Ireland (ELFNI) IT system through a Private Finance Initiative (PFI) project.
Northern Ireland: Northern Ireland Audit Office, 2005
3
Design Quality and Private Finance Initiative
This publication presents proceedings of seminar held by the Royal Fine Art Commission to consider casework and seek to improve individual development schemes.
Great Britain. Royal Fine Art Commission, 1997
4
Private finance initiative: a specially commissioned report
The complex mesh of participants involved in any PFI deal ensures that every project will present its own challenges.This book provides clear guidance to the issues and risks involved when practitioners are advising in this area.
Neil Morrison, Naomi Owen, 1996
5
The Challenge of Public-private Partnerships: Learning from ...
In 1992 the UK embarked upon a new type of public-private partnership, known as the Private Finance Initiative (PFI). Under the Private Finance Initiative, private sector firms take on the responsibility for providing a public service including ...
Graeme A. Hodge, Carsten Greve, 2005
6
The Official History of Privatisation, Vol. II: Popular ...
32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 Memorandum from John MacGregor to the PM, 10 May 1993, Private Finance Initiative, Part 1. Shadow toll payments are made per vehicle ...
David Parker, 2013
7
A Guide to the NHS
Capital in the NHS This was formerly a government- funded capital grant, but is now a mixture of two elements: government funding and the private finance initiative, part of the PPP agenda. There have been growing concerns about the ...
Tony White, 2010
8
The Official History of Privatisation
32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 Memorandum from John MacGregor to the PM, 10 May 1993, Private Finance Initiative, Part 1. Shadow toll payments are made per vehicle ...
David Parker, 2012
9
HC 97 - Private Finance 2
The Private Finance Initiative 1. In November 1992 the then Chancellor of the Exchequer, Norman Lamont, made an announcement in the Autumn Statement about “ways to increase the scope for private financing of capital projects”.1 This  ...
Great Britain: Parliament: House of Commons: Treasury Committee, 2014
10
Private Finance Initiative
The Private Finance Initiative (PFI) has become a widely used mechanism for delivering public services in the UK. The crucial requirements for entering into a PFI scheme are that the scheme must offer better value for money (VFM) than ...
Suhaiza Ismail, 2011

10 NEWS ITEMS WHICH INCLUDE THE TERM «PRIVATE FINANCE INITIATIVE»

Find out what the national and international press are talking about and how the term Private Finance Initiative is used in the context of the following news items.
1
The growing picture of chaos in the NHS
... competitive market system in the NHS, ditching private providers and tackling the various rip-offs in the private finance initiative was, predictably, excluded. «Morning Star Online, Jul 15»
2
Official opening for Old Kent Road Fire Station
The station was built by Blue3 as part of a private finance initiative (PFI) project which will see nine London fire stations replaced by brand new ... «London SE1, Jul 15»
3
Germs alert in water at hospital's oncology centre
“Accountability was firmly placed on the PFI (Private Finance Initiative) provider.” Since the discovery the trust, which runs the Royal as well as ... «Worcester News, Jul 15»
4
George Osborne will spend more than ever. Don't be fooled by his …
Under the private finance initiative, the government would subsidise hospitals and schools, but not their construction, which was financed by ... «The Guardian, Jul 15»
5
Nigeria: National Austerity Control
The use of robust investment appraisal methods when making capital investment decisions, including the private finance initiative (PFI) 3. «The News, Jul 15»
6
ERI workers open to strike despite pay promise
... company that runs the hospital under a private finance initiative – were threatening to walk out in a move that could bring the ERI to its knees. «Edinburgh Evening News, Jul 15»
7
11 things we wouldn't have been able to tell you without the …
In 2011 we learned that hospital chiefs had spent £23,000 on maintenance for a private finance initiative (PFI) building. Ipswich Hospital had ... «Norfolk Eastern Daily Press, Jul 15»
8
AirTanker touts boom for Voyager to expand aerial refuelling provision
Under the private finance initiative (PFI) contract awarded to AirTanker, the MoD pays for the services it uses and so would not directly benefit ... «IHS Jane's 360, Jul 15»
9
Edinburgh Royal Infirmary workers threaten strike
The private finance initiative contract for the construction and running of the ERI entitles Consort Healthcare to run domestic services, which are ... «Edinburgh Evening News, Jul 15»
10
Have your say on station design
... Dyfed Powys confirmed they would be buying Ammanford Police Station, freeing them from a crippling £21m Private Finance Initiative loan, ... «South Wales Guardian, Jul 15»

REFERENCE
« EDUCALINGO. Private Finance Initiative [online]. Available <https://educalingo.com/en/dic-en/private-finance-initiative>. Apr 2024 ».
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