Glossary of the 1993 SNA - Definition of Term | | Term | Subsidies to public corporations and quasi-corporations | | Definition | Subsidies to public corporations and quasi-corporations consist of regular transfers paid to public corporations and quasi-corporations which are intended to compensate for persistent losses - i.e. negative operating surpluses - which they incur on their productive activities as a result of charging prices which are lower than their average costs of production as a matter of deliberate government economic and social policy; by convention, these subsidies are treated as subsidies on products. | | Paragraphs | 7.78. |
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