Government Sponsored Enterprise

(redirected from Government-Owned Enterprises)

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.
References in periodicals archive ?
In the first eight years, Hanergy is credited for breaking central government-owned enterprises' monopoly on hydropower station and built a world-leading hydropower station that's privately operated.
The move comes as Vietnam is paring its stake in government-owned enterprises in order to encourage the private sector.
Managed by NIT, it was supposed to create stability by investing in the shares of eight government-owned enterprises listed on the stock exchange: Oil and Gas Development Company (OGDC), Pakistan State Oil (PSO), Pakistan Petroleum Ltd (PPL), Sui Southern Gas Company (SSGC), Sui Northern Gas Pipelines Ltd (SNGPL), Pakistan Telecommunications Ltd (PTCL), NBP and Kot Addu Power Company (Kapco).
The regulations would not apply to government-owned enterprises (directly or indirectly).
Government-owned enterprises or institutions are eligible only if they can demonstrate that the enterprise or institution has:
The money, primarily savings of the pensioners and bank depositors, will be used to buy shares of government-owned enterprises to create a sense of stability at the market.
Advertisers, especially governments and government-owned enterprises, wield huge influence that often allows them to quietly control what is or is not published.
According to him, 20 per cent operating surplus to be remitted by government-owned enterprises should be deducted at source.
The survey targeted large enterprises in the private sector and some government-owned enterprises, which accounted for 84 percent of the value of inward FDI of non-bank enterprises in 2016.
A list of all government-owned enterprises availing exemption, along with quantification of the tax expenditure, should be published and a plan for phasing out of these concessions should be prepared to remove this distortion from the market, according to the report.
It is perhaps why the country's productivity indices have remained low, as is evidenced by the performance of publicly listed government-owned enterprises where appointments are influenced by politicians who wave papers with good grades for their favourite candidates.OPEN CONTRACTINGSecond, in the fight against systemic corruption, the President directed that from July 1, 2018 the government tendering process would be public.
The Vanguard Emerging Markets Bond Fund invests in a broadly diversified portfolio of debt issued by emerging market governments and government-owned enterprises, with a majority of its assets either denominated in, or hedged back to, the U.S.

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