public sector

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public sector

or

government sector

that part of the economy concerned with the transactions of the government. Government receives income from TAXATION and other receipts and influences the workings of the economy through its own spending and investment decisions ( GOVERNMENT EXPENDITURE) and through its control (via MONETARY POLICY and FISCAL POLICY) of the spending and investment decisions of other sectors of the economy. The public sector together with the PERSONAL SECTOR, FINANCIAL SECTOR, CORPORATE SECTOR and FOREIGN SECTOR make up the national economy. See CIRCULAR FLOW OF NATIONAL INCOME MODEL.

public sector

That portion of the economy consisting of the government and corporations owned by the government. Contrast with private sector.

References in periodicals archive ?
Ikram informs us that by the end of the first five-year plan "the public sector accounted for some 90 percent of total (monetized) investment throughout the 1960s and until 1973.
By the end of 1980, the effects of the Infitah to the West were simply to: establish a parallel market for foreign exchange; reduce exchange restrictions; reform banking laws; somewhat decentralize the making of economic decisions; and increase private sector participation in the economy in order to compete with the public sector.
He could do so only by speeding up the dissolution of the public sector.
Indeed, Mubarak has accelerated the pace of gutting the public sector and in doing so has exacerbated the economic crisis that started under Sadat.
The state has been facing a contradiction regarding the Privatization of the public sector.
The Distinction Awards judging process is subject to constant review and evaluation, and continues to evolve to ensure that it consistently leads to the appropriate recognition of outstanding public sector individuals and teams who have made a significant contribution to supporting the vision and objectives of e-government across Canada.
Over the next month, four Medalist Selection Committees, comprising senior representatives from the private and public sector IT communities, will review the 49 finalist entries and select up to 36 award winners.
Epylon will overlay our tailored public sector product features onto the Ariba B2B Commerce Platform, resulting in barrier-free access to a best-of-class eBusiness solution tailored to meet the stringent requirements of the public sector.
Epylon Corporation is the leading provider of hosted eBusiness solutions for education, government and other public sector institutions.

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