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Is public and staturory sector the same?

The public sector and statutory sector are related but not synonymous. The public sector encompasses all government-funded services and organizations, including federal, state, and local entities. The statutory sector specifically refers to organizations or bodies established by law or statute, often focusing on regulatory or administrative functions within the broader public sector. Thus, while all statutory bodies are part of the public sector, not all public sector organizations are statutory.


Differences between public sector accounting and private sector accounting?

The difference between public sector and private sector is that when you're in the public sector you work for the government whereas private sector is not. Same applies to accounting.


What is the statutory sector -?

The statutory sector involves all the organisations that are set up, controlled and funded by the government, for example public school and NHS hospitals. The statutory sector is funded by people who pay taxes and national insurance etc. This is different from the independent sector which involves organisations being run by business people who are usually in it to make profit. The independent sector is funded by the clients who use the service. Their money is used to buy supplies and pay wages etc. An example of an independent sector organisation is private schools.


How is statutory sector run?

The statutory sector is primarily run by government entities at various levels, including local, regional, and national administrations. It is funded through taxation and aims to provide essential services such as healthcare, education, and public safety. Operations are guided by legislation, policies, and regulations to ensure accountability and public welfare. Staffed by civil servants and public employees, the sector focuses on serving the community and meeting societal needs.


What are the advantages of statutory sector?

The statutory sector, comprising government-funded services, offers several advantages, including accessibility to essential services for all citizens, often regardless of their financial situation. It ensures standardized quality and accountability through regulations and oversight. Additionally, the statutory sector can address social inequalities by providing targeted support to vulnerable populations, promoting overall public welfare and stability.


What is the meaning of statutory education?

the meaning of statutory involves all the organisations that are set up, controlled and funded by the government. For example public school and NHS run hospitals. The statutory sector is funded by people who pay taxes and national insurance etc.


What is Voluntary and Statutory Sector Liaison?

The voluntary sector in the United Kongdom is those businesses that are charities and are operated on a non-profit basis. The statutory sector is the agencies of central or local government.


What has the author Joyce M Najita written?

Joyce M. Najita has written: 'Guide to statutory provisions in public sector collective bargaining' -- subject(s): Collective labor agreements, Government employees, Grievance procedures, States 'Guide to statutory provisions in public sector collective bargaining: union security' -- subject(s): Collective labor agreements, Government employees, States, Union security


Is the police a public sector?

public sector


What is public sector budgeting?

A sector in which the public can budget


How is the statutory sector funded?

statutory sectors are funded through : local & national taxation insurance lottery funding direct donations


Why is it necessary for the public sector to exist?

the public sector necessity