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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

public sector

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

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Looked at another way, a public-sector worker in 2006 received 1.6 times a private sector salary and 1.4 times the average salary (the average being pushed up by the public sector!).
We know that public-sector workers and unionised private-sector workers (an estimated 70%) receive inflation-index pay rises twice per year.
And regarding pensions that they have either contributed to, or the State pension - and not these over-rated under-funded public-sector pensions that are about now - public sector workers do not pay enough into their pensions to amass the pension pot that is required to pay these ridiculous pensions that they receive and, without the funding that they receive from the private sector, they would get nothing if they wanted to retire earlier than the retirement age.
My taxes, whether council or state, should not be being used to fund public-sector pensions as they are now.
The "negative" listing on the bank's public-sector covered bonds means a downgrade on BPI and Portugal would spill over to the covered debt, the agency added.
In Atlanta in 1989, black contractors got only 7.3% of their revenue from private projects, while 92.7% came from public-sector work; conversely 80% of white contractors' revenue was private-sector and only 20% public-sector.
This legacy of discrimination caused the federal government (followed by many state and local governments) to adopt set-aside and affirmative-action programs in awarding public-sector contracts.
In the private sector only 10% of workers have a final salary pension compared with 90% of salaried public-sector staff.
The study was conducted under the auspices of IFAC's public-sector committee.
Understanding how the public sector buys its supplies and services is a real advantage and Business Link can help companies across the region to boost their knowledge of public-sector procurement.
In contrast to the NHS and housing, central government was viewed quite highly, for example, with 59% of gradu-ates believing it to be one of the top public-sector employers.
The eight new standards are based on the accrual method of accounting and are expected to help public-sector entities better manage and account for their financial performance.

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