Public Finance

By: EconomyWatch   Date: 30 June 2010

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Public Finance is that part of finance which hovers around the central question of allocation of resources subjected to the budget constraint of the government or public entities. It is that branch of economics which identifies and appraises the means and effects of the policies of the government. Public sector finance tries to examine the effects and consequences of different types of taxation and expenditures on the economic agents (individuals, institutions, organizations, etc.) of the society and ultimately on the entire economy. Public finance also analyzes the effectiveness of the policies aimed at certain objectives and consequently to the development of procedures and techniques for increasing the effectiveness of the policy.

Public Sector Finance mainly deal with proper allocation of resources with regards to the given budget constraint.

Public Finance generally deals with the financial activities of the Government; on the contrary, Private Finance deals with Individual financial activities.

Both Public Finance and Public Policy are important, as both are the main determinant in the policy matters of a nation. Get detailed on public finance and public policy.

  • Public Sector Finance

    • Public Sector Finance mainly deal with proper allocation of resources with regards to the given budget constraint.

  • Public Finance and Private Finance

    Public Finance generally deals with the financial activities of the Government; on the contrary, Private Finance deals with Individual financial activities.

  • Public Finance and Public Policy

    • Both Public Finance and Public Policy are important, as both are the main determinant in the policy matters of a nation. Get detailed on public finance and public policy.

  • Public Financial Management

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    Finance Related |  Sources of Finance  |  Financial Management  |  National Finance Center


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