answersLogoWhite

0


Best Answer

The Public Finance theory is a body of work that the government and its citizens use. It is made up of a number of inflows and outflows. There are mainly four branches.

(i)Public Revenue

The public is taxed directly and indirectly, and through fees, penalties, fines, and other charges, public revenue takes money from the public.

(ii)Public Expenditure

Public expenditures are those made for the benefit of the general public, such as for basic healthcare, education, and infrastructure.

(iii)Public Debt

The government can use debt to operate the economy and meet the requirements of the nation when spending outpaces receipts.

(iv)Financial Administration

Managing public finances and meeting government demands, such as paying for the upkeep of shared cultural assets and paying salaries to general electors, is known as financial administration.

User Avatar

Betasolutionscpa

Lvl 4
4mo ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

11y ago

there are four branches of public finance:-

  • public expenditure
  • public revenue
  • public debt and
  • financial administration
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the branches of public finance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the advantages and disadvantages of public finance?

Difficult in pricing


What has the author William John Shultz written?

William John Shultz has written: 'American public finance and taxation' -- subject(s): Finance and taxation, Taxation, Finance 'American public finance' -- subject(s): Taxation, Finance, Public, Finance, Public Finance


What has the author Richard A Musgrave written?

Richard A. Musgrave has written: 'The theory of public finance' 'Cost-benefit analysis and the theory of public finance' 'Fiscal systems' -- subject(s): Finance, Public, Public Finance 'Public finance in a democratic society' -- subject(s): Finance, Public, Public Finance 'Essays in fiscal federalism' -- subject(s): Intergovernmental fiscal relations, Intergovernmental tax relations


Scope and nature of public finance?

public finance studies more about the financial activities or expenditures of our government.


What is finance and importance of public finance?

The important of public finance is to control the expenses of earning money and providing goods and services to the general population.


What has the author Richard Abel Musgrave written?

Richard Abel Musgrave has written: 'Public Finance in a Democratic Society Volume III' 'Public finance and full employment' -- subject(s): Finance 'Classics in the theory of public finance' -- subject(s): Public Finance 'Essays in fiscal federalism' -- subject(s): Intergovernmental fiscal relations, Intergovernmental tax relations 'Public finance in a democratic society' -- subject(s): Public Finance 'The theory of public finance' -- subject(s): Fiscal policy, Public Finance, Welfare economics


What has the author Glenn W Fisher written?

Glenn W. Fisher has written: 'The worst tax?' -- subject(s): Property tax, History 'Financing government in the Chicago area' -- subject(s): Finance, Public, Metropolitan finance, Public Finance 'Illinois municipal finance' -- subject(s): Municipal finance 'Taxes and politics' -- subject(s): Finance, Public, Illinois, Public Finance 'Financing Illinois government' -- subject(s): Finance, Public, Public Finance


Definition of Public finance Management Act?

define public finance management


What has the author Han'ya Ito written?

Han'ya Ito has written: 'Studies in public finance and taxation' -- subject(s): Finance, Public, Public Finance, Taxation


What has the author Toshihiro Ihori written?

Toshihiro Ihori has written: 'Gendai Nihon zaiseiron' -- subject(s): Finance, Public, Mathematical models, Public Finance 'The public sector in Japan' 'Nihon no zaisei akaji kozo' 'Public finance in an overlapping generations economy' -- subject(s): Econometric models, Finance, Public, Public Finance


Meaning and scope of public finance?

Essentially public finance is "finance deals with the government". "The scope of public finance is extends to government. expenditures, government revenue, public debt, and financial management."


What has the author Roy William Houghton written?

Roy William Houghton has written: 'Public finance' 'Public finance: selected readings' -- subject(s): Public Finance