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The four major components of public finance are revenue generation, expenditure management, budgeting, and public debt management. Revenue generation involves collecting taxes and other income sources to fund government activities. Expenditure management focuses on how government funds are allocated and spent effectively. Budgeting is the process of planning and approving financial resources for various government functions, while public debt management involves overseeing and regulating the borrowing and repayment of government debts.

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3w ago

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