Introduction to Public Finance

This refers to the income sources

This refers to the income sources of the government, including taxes, fees, and other revenue streams. It studies how governments collect money to fun

This covers how the government spends

This covers how the government spends its collected revenue on various sectors like education, healthcare, infrastructure, and defense. It examines th

When government expenditure exceeds revenue

When government expenditure exceeds revenue, governments borrow money from various sources, creating public debt. This branch studies borrowing method

This includes all financial functions

This includes all financial functions of the government such as budget preparation, approval, implementation, and auditing processes that ensure prope

Government's use of taxation and spending

Government's use of taxation and spending policies to influence economic conditions, achieve growth, control inflation, and maintain economic stabilit