The paper on the delineation of the public sector suggests a decision tree to determine whether an NPI falls in the publicly controlled part of corporations or in general government. At the discussion in Bangkok, there was some unease that this may not be a completely watertight way to determine the allocation of NPIs. In addition, if a decision tree is useful for government controlled NPIs, is there a case for having a decision tree for determining the sectoral allocation of all units in the economy? The link to the chart below shows an example of what such a tree might look like. (It was drawn up before the discussion on government SPVs so assumes that, as at present, all non-resident units belong to the rest of the world. Depending on the outcome of the units discussion, some revision may be necessary.)
This tree uses some more steps than those suggested in the delineation paper for allocating publicly controlled units between general government and the publicly controlled sub-sectors of financial and nonfinancial corporations but gives an exhaustive decision tree for all units in the economy. The main sectors of the economy are shown in boxes with double borders. The subdivision of financial and non-financial corporate sectors into public, foreign controlled and national private sub-sectors is also shown. The case of NPIs and their allocation to various sectors is also apparent from the chart.
See chart |
