Public finance is the study of the role of the government in the economy.
The purview of public finance is considered to be threefold: governmental effects on (1) efficient allocation of resources, (2) distribution of income, and (3) macroeconomic stabilization.
Read more about Public Finance: Overview, Public Finance Management, Government Expenditures, Financing of Government Expenditures, Government Finance Statistics and Methodology
Famous quotes containing the words public and/or finance:
“Are we bereft of citizenship because we are mothers, wives and daughters of a mighty people? Have women no countryno interests staked in public wealno liabilities in common perilno partnership in a nations guilt and shame?”
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