Best Practices for Defining the Canadian Public Sector

The ultimate goal of Government Finance Statistics (GFS) compilation is to disseminate data to policymakers and other users in order to assess government financial performance/position, and the impact of fiscal policy on the economy. To achieve this goal, the data should be comprehensive in terms of institutions coverage which has the greatest impact on data quality and comparability. This article looks at best practices for defining and delineating the Public Sector in Canadian macroeconomic statistics.