Oluwasegun purpose
Active member
Public finance deals with how government generate it's revenue and the way it spends it's income. In other words, public finance is that branch of economic which studies the principles underlying government spending and raising of fund by public authority. A study of public finance reveals the detailed analysis of various sources of government revenue and the pattern of it's expenditure..
Government has many objectives which it desires to achieve by spending it's revenue on various items.
The public finance objective of government ranges from provision of essential services such as electricity,water supply, health,and education,to the improvement of infrastructure as a whole . Government also has objectives of maintaining stable price (low inflation), equitable distribution of income and steady economic growth. The most important element of public finance is taxation....
Government has many objectives which it desires to achieve by spending it's revenue on various items.
The public finance objective of government ranges from provision of essential services such as electricity,water supply, health,and education,to the improvement of infrastructure as a whole . Government also has objectives of maintaining stable price (low inflation), equitable distribution of income and steady economic growth. The most important element of public finance is taxation....
