Note 3-15

【コンテンツが入ります】15 (1) On an SNA basis, the general government consists of the central government, local governments and the social security fund. The public sector is divided into the general government and public corporations (financial and non-financial corporations including the central bank) (See Column 3-1). Real assets are divided into productive and non-productive assets. Productive assets are further divided into inventories and fixed assets. But the breakdown is rough and details of assets are difficult to understand. But financial assets and liabilities are broken down in detail. In addition, they are divided into those for the general government, public financial corporations and public non-financial corporations. These data are sufficient. (2) Social security organizations are classified as social security funds if they meet the three conditions- extensive coverage of society, compulsory premium payments and absence of direct relations between premium contributions and benefits. Those failing to meet the conditions are classified as pension funds that are treated as part of financial corporations (see Column 3-1).