Word of the Day · Archive

Private Finance Initiative

Noun

a financial arrangement in which a private company pays for a new large public project, such as a hospital, and the government pays the company in exchange for using it (the abbreviation for private finance initiative)

PFIs were introduced to make funding of the NHS more affordable but have also been used for other public projects.

Sanskrit equivalent

निजीवित्तोपक्रमः

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