Types Of Public Finance .
TYPES OF PUBLIC FINANCE :- Public finance refers to the management of a government's revenue, expenditure, and debt. It plays a crucial role in the functioning of a country's economy and the provision of public goods and services. Here are some types of public finance: 1. Public Revenue: This includes all the sources of income for the government, such as taxes (e.g., income tax, sales tax), fees and charges (e.g., license fees, user fees), fines, penalties, and proceeds from government-owned enterprises. 2. Public Expenditure: This refers to the government's spending on various programs, services, and infrastructure development. It includes expenditures on education, healthcare, defense, infrastructure projects, social welfare programs, and administrative costs. 3. Public Debt: Governments may borrow money to finance their expenditures when there is a deficit between revenue and expenditure. Public debt can take the form of government bonds, treasury bills, or loans from ...