Finance _Knowledge

   PUBLIC REVENUE :- Public revenue refers to the income or funds collected by the government through various sources to finance its operations, programs, and services. It is the primary source of income for the government and is used to cover expenditures such as public infrastructure, healthcare, education, defense, social welfare, and other public services. Public revenue can be generated through different means, including taxes, fees, fines, licenses, and other forms of government income. Here are some common sources of public revenue: 1. Taxes: Taxes are a significant source of public revenue. They can be levied on income, sales, property, corporate profits, capital gains, and various other economic activities. 2. Fees and Charges: Governments may collect fees and charges for specific services they provide, such as passport fees, driver's license fees, tolls, parking fees, and licensing fees for businesses. 3. Fines and Penalties: Fines and penalties imposed for violation...

    Component Of Public Finance with diagram :-  The main components of public finance include activities related to collecting  revenue , making expenditures to support society, and implementing a financing strategy (such as issuing government debt). The main components include: Tax collection :- Tax collection is the main revenue source for governments. Examples of taxes collected by governments include sales tax, income tax (a type of  progressive tax ), estate tax, and property tax. Other types of revenue in this category include duties and tariffs on imports and revenue from any type of public services that are not free. Budget The budget is a plan of what the government intends to have as expenditures in a fiscal year. In the U.S., for example, the president submits to Congress a budget request, the House and Senate create bills for specific aspects of the budget, and then the President signs them into law. Read a copy of  2017 Budget of the U.S. gove...

Diagram Of Finance :-  Sure! Here's a diagram illustrating the components and relationships within finance:                     +------------------------+                     |         Finance        |                     +------------------------+                              |         |                              |         |               +------------------------+               |         |         |        |    +-----------------+ +----------...

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, an...

 Why Necessary Is Public Finance.? Public finance is necessary for several reasons: 1. Provision of public goods and services: Public finance enables governments to provide essential public goods and services that benefit society as a whole. These include infrastructure development, education, healthcare, defense, law enforcement, transportation systems, and environmental protection. Public finance ensures the availability and equitable distribution of these goods and services, which may not be adequately provided by the private sector. 2. Redistribution of income and wealth: Public finance plays a role in redistributing income and wealth in society. Through progressive taxation, social welfare programs, and targeted subsidies, governments can address income inequalities and provide support to vulnerable populations. Public finance helps promote social equity and reduce poverty by redistributing resources to those in need. 3. Economic stabilization: Public finance is instrumental i...

  Finance is needed in every industry for several reasons: 1. Capital investment: Finance is essential for industries to make capital investments in machinery, equipment, technology, infrastructure, and other assets necessary for production and operations. It enables industries to acquire the resources they need to establish and expand their operations. 2. Working capital management: Industries require finance to manage their day-to-day operations and ensure smooth functioning. This includes managing cash flow, accounts payable, accounts receivable, inventory, and other short-term financial obligations. Adequate working capital ensures that industries can meet their operational expenses and maintain a healthy financial position. 3. Research and development: Finance is crucial for industries involved in research and development activities. It provides funding for innovation, product development, and technological advancements. Industries need finance to conduct research, prototype t...

  Advantage of Corporate :- Corporate finance refers to the management of funds and financial decisions within a corporation. It plays a crucial role in maximizing shareholder value and ensuring the financial health and sustainability of the organization. Here are some advantages of corporate finance: 1. Capital allocation: Corporate finance helps companies make informed decisions about how to allocate their financial resources effectively. It involves evaluating different investment opportunities and determining the best use of funds to maximize returns and create value for shareholders. 2. Risk management: Corporate finance helps companies identify and manage financial risks. It involves assessing and mitigating risks associated with investments, market fluctuations, interest rates, currency exchange rates, and other factors. Effective risk management strategies can protect a company's financial stability and enhance its resilience to uncertainties. 3. Optimal capital structure: ...