PFI's RM27.9bil liabilities one of govt's highest, says PAC

KUALA LUMPUR: Pembinaan PFI Sdn Bhd has become a vehicle for the government to carry out off-budget expenditures, according to a finding by the Public Accounts Committee (PAC).

In a report presented to Parliament on Tuesday, the committee said while they praised the government’s effort in procuring funds via PFI to fund development projects, the concept did not apply in this case.