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Meaning and scope of public finance?

Updated: 8/22/2023
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11y ago

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Essentially public finance is "finance deals with the government". "The scope of public finance is extends to government. expenditures, government revenue, public debt, and financial management."

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9y ago
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11y ago

Public finance is the budgetary allocation of finance that will be expended for the welfare and development of the common people. From state to panchayat level, every penny of public finance incurred are to be accounted for and scrutinized by Public Accounts Committee and the Government is liable to answer before the members of parliament about its proper utilization.

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13y ago

public finance studies more about the financial activities or expenditures of our government.

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