general government

What is general government?

general government definition and meaning on Finance terms:
A sector defined in the ESA 2010 as comprising resident entities that are engaged primarily in the production of non-market goods and services intended for individual and collective consumption and/or in the redistribution of national income and wealth. Included are central, regional and local government authorities as well as social security funds. Excluded are government-owned entities that conduct commercial operations, such as public enterprises. See also
central government
state government<

 

reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html

Tags: