Answer to Question #70947 in Economics for Anastasia

Question

Hello! I would have a question. Are budgetary and public organizations the same?

Answer 1

The public sector is the part of the economy concerned with providing various governmental services. The public sector might provide services that a non-payer cannot be excluded from (such as street lighting), services which benefit all of society rather than just the individual who uses the service.
Budgetary organizations are stateowned enterprises or economic associations operating with the participation of the state, foundations receiving direct budgetary subsidies or subsidies allocated by budgetary organizations from the state budget may not extend pecuniary contributions to the parties, and in turn, parties may not accept pecuniary contributions from budgetary organizations, furthermore, from state-owned enterprises, economic associations operating with the participation of the state, foundations receiving direct budgetary subsidies or subsidies allocated to budgetary organizations from the state budget.
Reference:
https://en.m.wikipedia.org/wiki/Public_sector