Some capital projects such as new hospitals have been funded through the Private Finance Initiative , enabling investment without ( in the short term ) increasing the public sector borrowing requirement .
Long - term contractually obligated Private Finance Initiative spending commitments are not counted as government liabilities .
Some capital projects such as new hospitals have been funded through the Private Finance Initiative , enabling investment without ( in the short term ) increasing the public sector borrowing requirement , because long - term contractually obligated PFI spending commitments are not counted as government liabilities .