The public sector is the part of a country's economy which is controlled or supported financially by the government. To keep economic reform on track, 60,000 public-sector jobs must be cut. private sector. the industries and services in a country that are owned and run by the government the private sector in the public sector
A classification drawn from sectors and subsectors of the SNA classification consisting of general government and the public subsectors of nonfinancial and financial corporations The principle of classification is that of government ownership and/or control rather than function (as in the primary classification of SNA) An important subdivision within this sector for fiscal analysis purposes is the "nonfinancial public sector" comprising general government and nonfinancial public enterprises
consists of the national government, local governments, government-owned or controlled corporations and government monetary institutions (Bangko Sentral ng Pilipinas)