Definition: Subsidies to public corporations and quasi-corporations

SNA

Subsidies to public corporations and quasi-corporations consist of regular transfers paid to public corporations and quasi-corporations that are intended to compensate for persistent losses (that is negative operating surpluses) incurred on their productive activities as a result of charging prices that are lower than their average costs of production as a matter of deliberate government economic and social policy.

This definition is used both in SNA 1993 (§ 7.78) and in SNA 2008 (§ 7.105).
Source:
European Commission (Eurostat), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), United Nations (Statistics Division), World Bank, "System of National Accounts 2008", United Nations, New York, 2009
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