Public finance Intnro1.pptx - Public Finance Public Finance is all about the collection and utilization of resources Thus it is the branch of economics

Public finance Intnro1.pptx - Public Finance Public Finance...

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Public Finance Public Finance is all about the collection and utilization of resources. Thus, it is the branch of economics that studies the taxing and spending activities of government.
Definition Findlay Shirras “Public finance is the study of principles underlying the spending and raising of funds by public authorities”. According to Hugh Dalton “Public finance is concerned with the income and expenditure of public authorities,and with the adjustment of the one to the other.
Nature Public Finance as Science Science is the systematic study of any subject which studies relationship between facts.
Nature Public Finance as Art Art is application of knowledge for achieving definite objectives. Fiscal Policy which is an important instrument of public finance makes use of the knowledge of government’s revenue and expenditure to achieve the objectives of full employment, economic development and equality. Price stability etc
Scope Public finance includes the income

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