Public finance involves government decisions about spending and revenue from "summary" of Public Finance by Harvey S. Rosen
Public finance is a field that concerns itself with the economic activities of governments at various levels. This encompasses decisions regarding how much money the government should spend on different programs and services, as well as how it should generate the revenue needed to fund these expenditures. In essence, public finance involves the allocation of resources by the government to meet the needs and wants of society. The decisions made in public finance are crucial as they have a direct impact on the overall well-being of a country's citizens. For example, the government must decide how much to spend on essential services such as education, healthcare, and infrastructure in order to ensure the development and prosperity of its people. At the same time, it must also determine the most efficient and equitable ways to raise the necessary funds to support these expenditures. O...
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