Public Finance

It is the study of how government collects revenue and how it spends it

Which of the following is not a component of Public finance

• Public Debt

• Public Expenditure

• Public Finance

• Public Revenue

Two major sources of public finance

A compulsory payment levied by the government on individuals and firms without any direct benefit to the payer

the charges imposed on individuals, firms and corporations who break the laws of the country (offenders).

payments charged by the government for the direct services it renders to its people e.g. road license fee

the income received from the government direct investments e.g. income/surplus from public corporations

gifts from friendly countries

Charged on use of government properties e.g. game parks, forests e.t.c