Empresas estatales

What is the difference between a public service and State-Owned Enterprise (SOEs)?

 

Public services are administrative bodies in charge of satisfying collective needs, on a regular and continuous basis, on a non-profit basis, collaborating with the President of the Republic in his task of government and administration.

SOEs, on the other hand, are entities created to develop economic activities, offering goods and/or services, activities that could be developed by a private operator in order to obtain profits, in which the State decides to participate for social, economic or strategic interest.