Government Sponsored Enterprise

(redirected from Government Owned Corporations)

Government Sponsored Enterprise

A privately held or publicly traded company created by the U.S. Government for some purpose thought to benefit the American economy. For example, Freddie Mac was originally a GSE created to encourage homeownership among middle class and working class Americans. Because it is "sponsored" but not owned by the government, GSE stocks carry higher risk than, say, Treasury securities, which are backed by the full faith and credit of the United States. However, GSEs have an implicit guarantee that the government will not allow them to fail. Indeed, when Fannie Mae and Freddie Mac collapsed in 2008 they almost instantly received federal assistance.
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So far this financial year, Government has spent over $900 million on capital works, repairs and maintenance, grants and on infrastructure related payments, including Government owned Corporations and we will reach $1 billion over the next month.
(Ireland), General Electric Company (U.S.), Schneider Electric SE (France), and Siemens AG (Germany) End-Users These include distribution utilities, industries, and infrastructure & transportation State and national regulatory authorities Builders and contractors Government and industry associations State or government owned corporations Market Ecosystem: The ring main unit market starts with raw material suppliers, which include electronic/electrical components and precision metal works such as metals, sensors, insulators, micro-processors, among others.
However it does not apply to government owned corporations or provincial governments.
All Territorians deserve safe, reliable and affordable electricity and we must ensure that the Government Owned Corporations can deliver into the future, she said.
There are still many economic challenges ahead for the Territory, including the performance of our Government Owned Corporations, but todays Moodys outlook is an acknowledgement of the work undertaken to date to secure our bright future, Ms Manison said.
We're ensuring our Government owned corporations are delivering new energy infrastructure and energy security to drive new investments in energy projects and new jobs in regional Queensland, Mr Pitt said.
Formed from the merger of electricity distributors Ergon Energy and Energex, the new Energy Queensland brings together two well-respected government owned corporations, creating an energy business to respond to the needs of customers and the current and future energy market.
Treasurer Tim Nicholls said the Results of audit: Queensland state government financial statements 2013-14 report found that the Government s financial reporting was of a high standard and a true and fair reflection of the finances of both Government and the overall government sector, which includes government owned corporations.
Mr Nicholls said the Government remained committed to the simplification of employment agreements, including the removal of the no forced redundancy provisions for most government owned corporations.
From July 1 next year the Power and Water Corporation (PWC) will be restructured to create two new stand-alone government owned corporations with separate boards.
The report sets out a range of other measures by which to derive funds from Government Owned Corporations (GOC) to pay down some of the debt, including significant reform to improve efficiency.
The Board will examine the financial position of the Northern Territory budget and Government owned corporations as well as taxpayer contributions to projects such as the marine supply base, prison and Darwin waterfront.

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