State-owned in the context of "Government budget"

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⭐ Core Definition: State-owned

State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership.

In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owned enterprise. A state-owned enterprise might variously operate as a Nonprofit corporation, as it may not be required to generate a profit; as a commercial enterprise in competitive sectors; or as a natural monopoly. Governments may also use the profitable entities they own to support the general budget. The creation of a state-owned enterprise from other forms of public property is called corporatization.

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State-owned in the context of Hellenic Republic Asset Development Fund

The Hellenic Republic Asset Development Fund (HRADF; Greek: Ταμείο Αξιοποίησης Ιδιωτικής Περιουσίας του Δημοσίου, ΤΑΙΠΕΔ) is a Greek state-owned asset management company that controls a number of state owned enterprises. It is a direct subsidiary of the Hellenic Corporation of Assets and Participations. HRADF exploits the assets of Greece that have been assigned to it and manages the implementation of the privatization program in Greece, specifically, the implementation of the Asset Development Plan (ADP).

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State-owned in the context of All India Radio

All India Radio (AIR), also known as Akashvani (lit.'Voice from the sky' or 'Oracle'), is India's state-owned public radio broadcaster. Founded in 1936, it operates under the Ministry of Information and Broadcasting and is one of the two divisions of Prasar Bharati. Headquartered at the Akashvani Bhavan in New Delhi, it houses the Drama Section, FM Section, and National Service. It also serves as the home of the Indian television station Doordarshan Kendra.

All India Radio is one the largest radio network in the world in terms of the number of languages broadcast, the socioeconomic diversity it serves, and the scale of its broadcasting organisation. AIR's domestic service includes 420 stations nationwide, covering nearly 92% of India's geographic area and 99.19% of its population, with programming available in 23 languages and 179 dialects.

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State-owned in the context of Arsenal

An arsenal is a place where arms and ammunition are made, maintained and repaired, stored, or issued, in any combination, whether privately or publicly owned. Arsenal and armoury (British English) or armory (American English) are mostly regarded as synonyms, although subtle differences in usage exist.

A sub-armory is a place of temporary storage or carrying of weapons and ammunition, such as any temporary post or patrol vehicle that is only operational in certain times of the day.

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State-owned in the context of HMNB Portsmouth

His Majesty's Naval Base, Portsmouth (HMNB Portsmouth) is one of three operating bases in the United Kingdom for the Royal Navy (the others being HMNB Clyde and HMNB Devonport). Portsmouth Naval Base is part of the city of Portsmouth; it is located on the eastern shore of Portsmouth Harbour, north of the Solent and the Isle of Wight. For centuries it was officially known as HM Dockyard, Portsmouth: as a Royal Navy Dockyard, Portsmouth functioned primarily as a state-owned facility for building, repairing and maintaining warships; for a time it was the largest industrial site in the world.

From the 1970s, the term 'Naval Base' began to be used for Portsmouth (and other Royal Dockyards), acknowledging a greater focus on personnel and support elements alongside the traditional industrial emphases. In 1984 Portsmouth's Royal Dockyard function was significantly downsized and downgraded, and was formally renamed the 'Fleet Maintenance and Repair Organisation' (FMRO). The FMRO was privatised in 1998; in 2002, shipbuilding (which had not taken place on site since the late 1960s) resumed in the form of block construction, but this again ceased in 2014.

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State-owned in the context of Petróleos de Venezuela

Petróleos de Venezuela, S.A. (acronym PDVSA, Spanish pronunciation: [peðeˈβesa], English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas. Since its founding on January 1, 1976, with the nationalization of the Venezuelan oil industry, PDVSA has dominated the oil industry of Venezuela, the world's fifth largest oil exporter.

Oil reserves in Venezuela are the largest in the world and the state-owned PDVSA provides the government of Venezuela with substantial funding resources. Following the Bolivarian Revolution, PDVSA was mainly used as a vital source of income for the Venezuelan government. Profits were also used to assist the presidency, with funds directed towards allies of the Venezuelan government. With PDVSA focusing on political projects instead of oil production, mechanical and technical statuses deteriorated while employee expertise was removed following thousands of politically motivated firings. Incompetence within the company has led to serious inefficiencies and accidents and to endemic corruption; at least US$11 billion was stolen between 2004 and 2015. Jorge Giordani, minister of planning until in 2014, estimates that $300 billion was simply stolen. In 2018, thousands of workers left PDVSA, especially after the company was put under military control.

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State-owned in the context of Pakistan Railways

Pakistan Railways is the state-owned railway operator in Pakistan. Founded in 1886 as the North Western State Railway and headquartered in Lahore, it owns 7,789 kilometres (4,840 miles) of operational track across Pakistan, stretching from Peshawar to Karachi, offering both freight and passenger services, covering 479 operational stations across Pakistan.

In 2014, the Ministry of Railways launched Pakistan Railways Vision 2026, which seeks to increase PR's share in Pakistan's transportation sector from 4% to 20%, using the Rs. 886.68 billion (US$3.1 billion) China–Pakistan Economic Corridor rail upgrade. The plan includes building new locomotives, development and improvement of current rail infrastructure, an increase in average train speed, improved on-time performance and expansion of passenger services. The first phase of the project was completed in 2017, and the second phase is scheduled for completion by 2021. Among them is the ML-1 project, which will be completed in three phases at a cost of Rs. 1.11 trillion (US$3.8 billion). Until October 2022, these projects have not started construction or tendering.

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State-owned in the context of MG Cars

MG is a British automotive marque founded by Cecil Kimber in the 1920s, and M.G. Car Company Limited was the British sports car manufacturer existing between 1930 and 1972 that made the marque well known. Since 2007 the marque has been controlled by Chinese state-owned automaker SAIC Motor.

MG cars had their roots in a 1920s sales promotion sideline of Morris Garages, a retail sales and service centre in Oxford belonging to William Morris. The business's manager, Cecil Kimber, modified standard production Morris Oxfords and added MG Super Sports to the plate at the nose of the car. A separate M.G. Car Company Limited was incorporated in July 1930. It remained Morris's personal property until 1 July 1935, when he sold it to his holding company, Morris Motors Limited.

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