General government sector explained

The general government sector[1] includes all institutional units whose output is intended for individual and collective consumption and mainly financed by compulsory payments made by units belonging to other sectors, and/or all institutional units principally engaged in the redistribution of national income and wealth. The General government sector is subdivided into four subsectors: central government, state government, local government, and social security funds.

Notes and References

  1. http://epp.eurostat.ec.europa.eu/statistics_explained/index.php/Government_finance_statistics#Delineation_of_general_government) Government finance statistics