This is the Palace of the President and the Government in Quito, Ecuador. They raise the flag every Monday, and unlike in other countries, this is a very vibrant event in this Latin American country.
Not only tourists, but local population and horse-guards attend the flag raising as well.
At ordinary times, the area is just a normal square for anyone to use.
There are even barber shops within the sides of the Palace! Are there barber shops (or any other shops) in your country's presidential palace?