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Definition: Purchases of services on regular basis
Category: National accounts
Government is only purchasing services over a given long-term period but without fixing specific requirements as regards the assets, i.e. different from general regulatory standards. This contractual link may be important to ensure continuity in supplying, both in quantitative and qualitative terms. The treatment in national accounts, based only on flows occurring in one fiscal year, does not raise any specific issue. http://ec.europa.eu/eurostat/ramon/statmanuals/files/KS-BE-04-004-EN.pdf
Source:
Eurostat, "Long term contracts between government units and non- government partners (Public-private-partnerships)"; (2004 edition), Office for Official Publications of the European Communities, 2004, Luxembourg
Eurostat, "Long term contracts between government units and non- government partners (Public-private-partnerships)"; (2004 edition), Office for Official Publications of the European Communities, 2004, Luxembourg
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