Introduction to Public Finance

What is the meaning of finance and public finance?

What are the functions of public finance?

What is the role of government in the economy?

What are the four fundamental issues covered by the scope of public finance?

What are the major sources of government revenue?

What does government expenditure refer to?

What is public debt and why does it occur?

What is the importance of financial management in public finance?

How does public finance address market failures?

What are the different views on income distribution in public finance?