Public finance is a field of inquiry that treats of income and outgo of governments. In modern time, this contains some major divisions ; public revenue, public expenditure, public debt a certain problems of the fiscal system as a whole, such as fiscal policy. The government,considered as the subject of the study of public finance. more specially, public finance studies the economic activity of government as unit. It also studies about the monetary and credit resources of the state. Subject matters of public finance are public revenue, public expenditure, public debt, financial administration, economice stability and economic growth.
0 comments:
Post a Comment