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:
“The total collapse of the public opinion polls shows that this country is in good health. A country that developed an airtight system of finding out in advance what was in people’s minds would be uninhabitable.”
—E.B. (Elwyn Brooks)
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—Jimmy Carter (James Earl Carter, Jr.)