§ Mr. TimmsTo ask the Secretary of State for National Heritage, pursuant to her answer of 21 November,Official Report, column 647, what is the current total of future spending commitments arising under the private finance initiative as a percentage of the Department's discretionary expenditure. [8739]
§ Mr. Sproat[holding answer 12 December 1996]: The Department of National Heritage has no future spending commitments arising from the private finance initiative. Indeed, deals signed to date have generated an annual net positive revenue stream of £0.645 million. The Department's discretionary expenditure is £850 million, so this represents an annual income of 0.08 per cent.