ACCA SBL Syllabus B. Governance - What is the 'Public Sector’? - Notes ^{1 / 5}

These deliver public goods and services, without using ‘for profit’ businesses. Often operated by the state.

A state has a government, a legislature, a judiciary and a secretariat (or administration)

The state’s secretariat or administration is by far the largest of the four ‘organs’ and is responsible for carrying out government policy, typically including education, health, defence, foreign affairs, etc

Public Sector organisations are funded by revenues from the state (mainly taxes) and they exist to deliver public services that cannot (or shouldn’t) be provided by the private sector

Often the public sector is very large, employing thousands or even millions of people.