Public sector Martin Kellaway

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Presentation transcript:

Public sector Martin Kellaway National Accounts in Practice – Advanced course Luxembourg, 2-11 October 2017 THE CONTRACTOR IS ACTING UNDER A FRAMEWORK CONTRACT CONCLUDED WITH THE COMMISSION

The public sector ESA 2010 paragraphs 20.303-320 define the public sector An aggregate formed from the ESA structure Second step in sector classification is to determine whether a unit is public or private sector If public, we then decide whether it is S.13 or not

The public sector Public sector = General government (GG) + public corporations (non-financial & financial) → Central bank (sub-sector S.121) is in the public financial corporations sub-sector