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:
“I am not building here a statue to erect at the town crossroads, or in a church or a public square.... This is for a nook in a library, and to amuse a neighbor, a relative, a friend, who may take pleasure in associating and conversing with me.”
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