One of the more traditional subfields of economics, public finance emphasizes the function and role of government in the economy. A region's inhabitants established a formal or informal entity known as the … See more

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

Macroeconomic data to support public finance economics are generally referred to as fiscal or government finance statistics (GFS). The Government Finance Statistics Manual … 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 … 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, resource allocation, and expenditure … See more

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

Social equality is the equivalent treatment of and opportunity for members of different groups within society regardless of individual distinctions of race, ethnicity, gender, age, social class, socioeconomic status, sexual orientation, or other characteristics or … See more