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:
“It was a fatal day when the public discovered that the pen is mightier than the paving-stone, and can be made as offensive as the brickbat. They at once sought for the journalist, found him, developed him, and made him their industrious and well-paid servant. It is greatly to be regretted, for both their sakes.”
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