parastatelijke

Parastatal is a term used to describe a company or organization that is owned or controlled by a government but operates independently of direct government departments. These entities are often established to provide specific public services or to manage state-owned assets in a more commercially oriented manner. The exact nature and degree of government control can vary significantly, ranging from full ownership and appointment of boards to minority stakes with significant influence.

The rationale behind establishing parastatals often includes a desire to achieve greater efficiency, attract private sector expertise, or insulate commercial operations from political interference. They can operate in diverse sectors such as energy, transportation, telecommunications, banking, and utilities. While parastatals are intended to be self-sustaining, they may still receive government funding or subsidies, particularly if they are deemed to be providing essential services.

The performance and governance of parastatals are frequently subjects of public debate. Concerns can arise regarding their efficiency, accountability, potential for corruption, and the fairness of competition with private enterprises. Regulatory frameworks and oversight mechanisms are often put in place to address these challenges and ensure that parastatals serve the public interest effectively. The term is commonly used in many Commonwealth countries.