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1993 SNA Update Information - The Public Sector

Clarification description
The public sector is mentioned only briefly in Chapter 19. It has become an important analytical construct that complements the currently more prominent general government sector. The Task Force on Harmonization of Public Sector Accounting is clarifying several issues that are unique or particularly important for government, and for the public sector. It is proposed that a chapter (or annex) clarify the identification of institutional units, the meaning of control, the meaning of economically significant prices, the definition of the public sector and its various possible subsectors, accounting rules peculiar to the public sector (e.g., loans at concessional interest rates, transactions between general government and controlled public corporations, public-private partnerships, privatization, and securitization), and propose an alternative set of accounts useful for fiscal analysis (similar to the accounts in Government Finance Statistics Manual 2001).
Country comments
Number of country comments for selected clarification:4
  Date postedSourceComment
 29/09/2006Bank of KoreaWe agree to the draft.
 28/07/2006VietnamWe agree with the treatments and outcomes in this issue of the AEG
 27/07/2006PolandCSO of Poland strongly supports the idea of construction the chapter on Government and Public Sectors. Specific functions of government and specific transactions connected with this sector cause that special attitude is necessary here. Moreover, the priority given to general government sector seems to be important reason for detailed description of accounting rules relating to its activity.
 13/12/2005CanadaCanada supports the inclusion of a chapter and annex on general government and public sector issues.
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