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:
“Treat the cow kindly, boys; remember she’s a lady—and a mother.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)
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