Public Service Obligations (PSOs)

Public Service Obligations (PSOs) are responsibilities that governments or public entities take on to ensure vital services are provided to all members of society, particularly in areas that may not be profitable for private companies. These obligations often include services like public transportation, healthcare, and education. By fulfilling PSOs, the government aims to promote equity, access, and social welfare, ensuring that essential services reach underserved populations and contributing to overall societal well-being. PSOs are crucial in maintaining a balance between market efficiency and the needs of the community.