Infrastructure Fund for Person-Related Matters (VIPA)

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There is an alternative funding scheme for facilities for the elderly, home care facilities and facilities for the disabled based upon an annual investment subsidy that comprises both an interest and a capital component. But in 2014 Eurostat has decided that the assets (and associated debt) relating to the alternative funding for the construction of these facilities are to be recorded in the government’s balance sheet. The note ‘VIPA: from alternative to direct funding’ describes the effect on the debt of the Flemish government of the end of the alternative funding for a series of facilities.