Parastatal refers to a government entity or agency that operates independently of the formal government structure, but is ultimately accountable to the government. Synonyms for the term include semi-autonomous, state-owned, quasi-governmental, public enterprise, government-owned corporation, and statutory corporation. These entities play an important role in promoting economic growth and development by providing essential public services such as transportation, energy, and infrastructure development. Although they are separate from the government, they are subject to government oversight and are expected to fulfil their mandate in the best interest of the public. These synonyms illustrate the variety of terms used to describe these important components of government administration and public service delivery.