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 ?
All companies, charities and public sector bodies with more than 250 employees have to publish data on the pay discrepancy between men and women in their organisation.
As a result of implemented public sector optimization initiatives, last year the state public sector shrank by 13% when calculating the number of organizations, and by 8.9% when calculating the decrease in the number of employees.
'The process will also enhance the ethical foundation of the public sector, and, in addition, introduce change management initiatives to deal with apathy, resistance and reform fatigue, which have been the bane of previous attempts at reform.'
It was stated in the briefing that implementation had been made on the decision to remove the politically-appointed personalities to the boards of directors of public sector companies.
| Families where both parents work in the public sector are the biggest losers from the Government's pay restrictions and benefit changes.
"The Tories can never again claim that public sector workers are 'overpaid' when the Treasury's own assessment proves otherwise," he said.
In half of the public sector institutions, the number of employees increased in a year and in ten newly formed institutions 255 people got employed.
According to part of the Enterprise Bill in the Queen's Speech, announced by the government, redundancy payments for the best-paid public sector workers will be capped below six figures.
Stevenson, who has been a consultant, private sector manager, entrepreneur, and advisor to senior public sector managers in the UK, draws on his personal experiences and about 60 interviews with public sector managers and politicians mostly from the UK (and Mayor Michael Bloomberg) to provide a practical guide for public sector managers.
Summary: Public sector employees slammed over the weekend a reform plan passed alongside the salary scale increases last month.
ACCA Islamabad launched the Public Sector Group recently, to share experiences and insights matters related to public financial management, good governance and people skills and ethics across the public sector.

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