- "It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones."
Public finance is the study of how government budgets and allocates resources to provide public goods and services.
Public Finance: This topic covers the various ways in which the government collects revenue and spends money to provide public goods and services.
Budgeting: Budgeting is a process of allocating resources to various government programs and services based on priorities and funding availability.
Taxation: Taxation is the process of levying and collecting taxes from individuals and businesses to fund government expenditures.
Government Borrowing: Governments may borrow money from various sources to finance their operations and capital projects.
Fiscal Policy: Fiscal policy refers to the government's use of taxation and spending to influence the economy's performance.
Public-Private Partnerships: Public-private partnerships (PPPs) involve private sector investment in public sector projects and services to increase efficiency and improve outcomes.
Intergovernmental Relations: Intergovernmental relations refer to the relationships between different levels of government and how they work together to achieve their goals.
Public Service Delivery: Public service delivery covers the provision of public goods and services such as healthcare, education, transportation, and others.
Local Government Finance: Local government finance deals with the management of finances at the local level, including revenue and expenditure management.
Municipal Bonds: Municipal bonds are a form of local government financing that allows governments to borrow money from investors to fund capital projects.
Public Investment: Public investment refers to the government's spending on infrastructure and capital projects to stimulate economic growth.
Public Sector Accounting: Public sector accounting involves the application of accounting principles and techniques to government operations and financing.
Government Grants: Government grants are a form of financial aid provided by the government to individuals, businesses, and organizations to support their respective missions.
Economic Development: Economic development refers to the government's efforts to encourage growth and development in local communities through various policy interventions.
Public Infrastructure: Public infrastructure refers to the various physical and social structures necessary to support economic activity and public services.
Property Taxes: Taxes levied on the value of property within a specific geographic area. In urban areas, they are used to fund local government services, including schools, police, and other municipal services.
Sales tax: A tax on purchases made within a particular area. This tax typically goes to fund state or local government services.
Income tax: Taxes collected on the income earned by individuals or businesses. The money raised is used to fund government services such as infrastructure, education, and healthcare.
Excise taxes: Taxes placed on specific items such as gasoline or tobacco. Excise taxes are typically used to fund specific government programs or services.
User fees: Fees paid by individuals who use specific government services, such as parks or recreation facilities. User fees are used to offset the costs associated with these services.
Bond sales: Debt issued by the government to finance infrastructure projects such as road improvements or new buildings. The principal and interest on these bonds are repaid using tax revenues.
Grants: Funds provided by the federal, state, or local government to aid specific urban administration projects or initiatives.
Venture Capital: Funding provided by private or government organizations to finance new business startups.
Microfinance: Loans provided by the government or private organizations to low-income people or small businesses to help them achieve self-sufficiency.
- "The efficient allocation of available resources." - "The distribution of income among citizens." - "The stability of the economy."
- "Economist Jonathan Gruber has put forth a framework to assess the broad field of public finance."
- "Market failure and redistribution of income and wealth."
- "Once the decision is made to intervene, the government must choose the specific tool or policy choice to carry out the intervention (for example public provision, taxation, or subsidization)."
- "A question to assess the empirical direct and indirect effects of specific government intervention."
- "This question is centrally concerned with the study of political economy, theorizing how governments make public policy."
- "It assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects."
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- "A question to assess the empirical direct and indirect effects of specific government intervention."
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