One of the more traditional subfields of economics, public finance emphasizes the function and role of … See more

Although public finance only began to be viewed as a body of knowledge no more than a century and a half ago, there is evidence of principles common to public finance as early as the bible with discussions of Sunday-t… See more

Collection of sufficient resources from the economy in an appropriate manner along with allocating and use of these resources efficiently and effectively constitute good financial management. Resource generation… See more

Economists classify government expenditures into three main types. Government purchases of goods and services for current use are classed as government consumption. Government purchases … See more

Government expenditures are financed primarily in three ways:
• Government revenue
• Government borrowing
• Money creation… See more