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 ?
It's shameful that in one of the world's richest nations some of our public sector heroes are forced to take on debt or use food banks to make ends meet.
ensuring that the rules now capture returns to any public sector body instead of to the same part of the public sector.
The Public Sector Group inaugural session was attended by senior representatives from World Bank, International Finance Corporation, Project for the Improvement of Financial Reporting and Audit (Department of Auditor General Pakistan), Pakistan Microfinance Network, Oil and Gas Development Corporation Limited, Department for International Development (DFID), Pakistan Poverty Alleviation Fund, Zarai Taraqiati Bank Limited and NADRA.
However, we have been attempting to give increasing autonomy and flexibility to our public sector enterprises," he added
Mr Bennett added: The cancellation of projects, coupled with worries over further cuts to come, has meant public sector IT recruitment has gone through a period of shock.
automobile giant General Motors supplies the public sector with half of the 150,000 vehicles it buys a year.
Technology: The public sector embraces new technology.
In 2004 each public sector employee was absent an average of almost three days more than each private sector worker ( 9.
The aim of the week is to promote a positive image of the public sector as an employer, dispelling any negative myths surrounding the sector while highlighting the excellent, yet often unnoticed, work being carried out all over the country.
Within the public sector, the need for high quality physician leaders is great--in the last generation government has shifted from a dependence on clerks to reliance on technical information experts in the fields of information systems, finance, engineering and health care.
The emphasis of these efforts was, and remains, public sector records, those of governmental bodies.

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