An exploration of Baumol's Law, which asserts that the public sector grows as a proportion of the economy over time due to labour intensity and productivity constraints.
A block grant is a form of financial aid provided to an organization in the public sector, allowing them flexibility in determining how to spend the grant. These grants enable efficient resource allocation, tailored to meet specific local needs and priorities.
An in-depth look at the Chartered Institute of Public Finance and Accountancy (CIPFA), its history, importance, and role in public-sector accounting.
Civil Service refers to the permanent professional branches of government administration, excluding military, judicial branches, and elected officials. It forms the backbone of effective public service delivery and governance.
A Comprehensive Annual Financial Report (CAFR) is the official annual financial statement for government entities in the USA, providing a detailed look into financial activities and fiscal health.
An in-depth exploration of the corporate sector, its significance in the economy, key events, models, related terms, and more.
An index developed by Transparency International that scores countries on perceived levels of corruption in the public sector, ranging from zero (highly corrupt) to 100 (very clean).
Decentralization refers to the dispersal of decision-making authority from central authorities to local or regional entities, and in the private sector, from headquarters to subsidiaries. It plays a crucial role in enhancing efficiency, responsiveness, and democratization in various domains.
The Efficiency and Reform Group is a UK Cabinet Office group dedicated to improving public sector efficiency and implementing reform.
An in-depth look into the methods, principles, and importance of federal procurement, along with its historical context and key processes.
The Financial Reporting Manual (FReM) provides the framework for financial reporting in the UK public sector.
GASB sets accounting standards for state and local governments in the U.S., ensuring financial transparency and accountability.
A comprehensive overview of the Governmental Accounting Standards Board (GASB), its historical context, functions, key events, importance, applicability, and related terms.
An extensive article on the General Accounting Office, its history, functions, importance, and more.
Comprehensive explanation of the general government sector, encompassing central, local, and intermediate levels, including historical context, significance, key events, and more.
An in-depth exploration of government efficiency, its historical context, various types, key events, and practical applications.
An in-depth exploration of Government-Owned Corporations (GOCs), encompassing their historical context, categories, key events, importance, applicability, and related terms.
Governmental Accounting refers to a type of accounting specifically designed for government entities, focusing on tracking financial activities and ensuring compliance with state and federal regulations.
An in-depth look at Her Majesty's Revenue and Customs, the UK government agency responsible for tax collection and administration.
A comprehensive overview of the International Public Sector Accounting Standards (IPSAS), their history, significance, application, and key standards.
An Invitation for Bid (IFB) is a formal method used in public procurement to solicit bids for goods or services. Detailed information about the IFB's structure, applications, and notable considerations are provided.
A comprehensive guide to understanding the International Public Sector Accounting Standards (IPSA), its significance in public sector financial reporting, and its key principles.
Comprehensive coverage of the International Public Sector Accounting Standards Board (IPSASB), its history, importance, standards, and applicability.
An overview of the National Audit Office, its roles, functions, and significance in public sector accountability and governance.
An overview of the National Audit Office, its history, functions, and significance in auditing government departments and public bodies.
An in-depth exploration of the National Audit Office (NAO), its history, functions, methodologies, importance, and impact on public accountability.
An exploration of national monopolies where the government is the sole provider, covering historical context, categories, key events, models, and their significance in economics.
Nationalization refers to the process of bringing resources and activities formerly operated by private businesses or local organizations under government ownership and control. It is the opposite process to privatization.
The Office of Government Commerce (OGC) is an office of HM Treasury established to help government departments and other public sector organizations deliver the best value for money through standards on best practice in procurement, project management, and service management.
The Office of Government Commerce (OGC) was a UK governmental office established to improve government procurement and project management.
A government-owned corporation involved in providing public services that also compete in the market.
Performance budgeting emphasizes outcomes and results, measuring performance indicators to ensure effective resource allocation.
The process of transferring ownership of a business, enterprise, agency, or public service from the public sector to the private sector.
A comprehensive guide to understanding proprietary funds, including their types, uses, and significance in governmental accounting.
A comprehensive overview of public economics, focusing on the study of economic efficiency, distribution, and government economic policy. This article covers historical context, types, key events, detailed explanations, models, charts, importance, applicability, examples, related terms, FAQs, and more.
A Public Finance Accountant is a professional responsible for preparing financial accounts and acting as management accountants for government agencies, local authorities, nationalized industries, and publicly owned bodies. They possess specialized skills that differ from private sector accountants due to the non-profit nature and statutory regulations governing public entities.
An in-depth look at public ownership, a system where enterprises are owned and operated by the government or government-controlled bodies. This article covers its historical context, types, key events, detailed explanations, importance, applicability, examples, related terms, and more.
Public Pension Funds are designed to provide post-retirement benefits specifically for public sector employees, differentiating them from Sovereign Wealth Funds, which seek broader economic benefits.
An in-depth look at public procurement, including historical context, types, key events, processes, models, examples, and related terms. Understand the significance of public procurement in governance and its economic impact.
An in-depth exploration of public procurement, including its historical context, types, key events, detailed explanations, models, importance, applicability, examples, and related terms.
Comprehensive understanding of the Public Sector, which comprises public services and public enterprises.
Comprehensive coverage of the public sector, encompassing its historical context, types, key events, explanations, models, and its importance in modern society.
Public Sector Accounting refers to accounting principles and standards designed specifically for government and public sector entities. It includes methods and systems to track, record, and report financial activities within the public domain.
Comprehensive guide on Public Sector Borrowing Requirement (PSBR) - a crucial indicator of a government's fiscal stance, its historical context, importance, and implications.
An in-depth exploration of how government entities utilize resources to achieve desired outcomes efficiently.
An in-depth explanation of the Public Sector Net Cash Requirement (PSNCR) in the UK, covering its historical context, importance, and implications.
Public Sector Net Cash Requirement (PSNCR) measures the fiscal position of the public sector, focusing on the cash flow aspect. It is often used interchangeably with the Public Sector Borrowing Requirement (PSBR).
The Public Sector Net Cash Requirement (PSNCR) is the amount the UK government needs to borrow each year when its expenditure exceeds its income. Formerly known as the Public Sector Borrowing Requirement, the PSNCR can influence interest rates, investment, and inflation.
Discover what Pure Public Corporations are, how they function, and their significance in the economic landscape.
Detailed exploration of QUANGOs, their types, historical context, and significance.
Detailed examination of economic sectors, their types, historical context, key events, and importance. Includes mathematical models, charts, examples, and more.
An in-depth exploration of service potential, a crucial concept in asset management for public sector and not-for-profit organizations, detailing its calculation, historical context, applicability, and more.
A detailed examination of State-Owned Companies, including their history, types, key events, importance, and applicability, along with examples, considerations, and related terms.
An in-depth exploration of step increases, including their historical context, types, applications, and significance in the job market.
An in-depth examination of Wagner's Law, its historical context, key claims, empirical evidence, and relevance in modern economic analysis.
Comprehensive understanding of the principles, rules, and procedures governing the accounting systems used by federal, state, and local government units.
A comprehensive overview of government enterprises, including their definition, types, examples, historical context, and implications.
Comprehensive overview of privatization, including its process, types, advantages, disadvantages, historical context, and global examples.
Public Choice is a field that applies economic theory to analyze the decision-making processes, behaviors, and outcomes in the public sector, especially in relation to the demand and supply of government services. Analysts treat the public sector as a supplier focused on maximizing its welfare and supporting incumbent politicians' reelection.
Comprehensive definition and explanation of public employees, their roles, and significance across various government levels.
Public goods are products or services that are non-excludable and non-rivalrous, typically managed by the government for optimal utilization.
Public Ownership entails government ownership and operation of productive facilities and the portion of a corporation's stock traded in the open market. This entry covers its implications, examples, historical context, and impact.
A comprehensive overview of the term 'Sector' exploring its various contexts in finance, economy, and technology, along with examples and historical context.
Business to Government (B2G) refers to the sale and marketing of goods and services to federal, state, or local government agencies.
A comprehensive overview of federal agencies, their definitions, purposes, functions, and the roles they play in resource management, financial oversight, and national security.
A comprehensive look at government purchases, their types, examples, and their significance in determining Gross Domestic Product (GDP).
Comprehensive overview of the Kuwait Investment Authority, its role, operational mechanisms, and impact on Kuwait’s economy.
A comprehensive guide to understanding Neoliberalism, its principles, historical context, real-world examples, as well as its advantages and disadvantages.
An in-depth exploration of the revolving door phenomenon, which describes the movement of high-level employees between public-sector and private-sector roles.
A comprehensive exploration of State-Owned Enterprises (SOEs), their definitions, operational structures, historical context, and their implications in modern economies.
A detailed exploration of the private sector, including its definition, business examples, significance in the economy, and comparison with the public sector.
