Diagram Of Public Finance :-

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Certainly ! Here a More Detailed Diagram of Pubic  Finance :-

                  
  • Public Finance is the overall field of managing government finances.
  • Public Revenue represents the inflow of funds into the government's coffers.
  • Public Expenditure denotes the outflow of funds from the government.
  • Tax Revenue includes funds generated through taxes imposed on individuals and businesses.
  • Non-Tax Revenue consists of income from sources other than taxes, such as fees, fines, and licenses.
  • Borrowing represents the funds obtained through issuing government bonds or taking loans.
  • Direct Taxes are levied directly on individuals' income or businesses' profits.
  • Indirect Taxes are applied to goods and services, such as sales tax or value-added tax (VAT).

Please note that this diagram is still a simplification, and there are additional elements and complexities within public finance, such as subsidies, grants, intergovernmental transfers, and more. Public finance is a vast field, and this diagram aims to provide a basic representation of its key components and relationships.


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