Government & Public Sector.
The Public Sector is usually comprised of organizations that are owned and operated by the government and exist to provide services for its citizens. Similar to the voluntary sector, organizations in the public sector do not seek to generate a profit.
Funding for public services are usually raised through a variety of methods, including taxes, fees, and through financial transfers from other levels of government (e.g. from a federal to a provincial or state government).
Different governments from around the world may employ their own unique method of funding for public services.
For example, in Canada a Crown corporation is an enterprise owned by the Crown (or Queen) but still has the ability to function like a private enterprise. The BC Lottery Corporation is a provincial Crown corporation and in 2013/14 generated $1.17 billion dollars of net revenue that it was able to directly invest back into BC’s provincial economy
Sometimes the public sector will partner with an organization in the private sector to create a public-private partnership. These hybrid organizations (named P3s) work together to jointly deliver a service or business venture to a community (see examples).
Through the process of outsourcing, public sector organizations will often engage private enterprises to deliver goods and services to its citizens.
Examples of the Public Sector
Examples of organizations in the public sector include: