Context Of Public Sector

Question 1

1.Classification of public sector
2. Features of public sector entities

Answer 1

Subvented entities
Ordinary entities
State owned entities/GBE

2. Source of fund through taxes
   Wider level of stake holders
   Absence of profit motive
   Performance measurements based on the 4es
   Regulatory compliance by PFM act, IPSAS,
   Basis of accounting, accrual,cash, modified