Indian public finance some explanation??
Public finance is the study of the role of the government in the economy. It is the branch of economics which 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 in India also comes under the purview of a branch of economics which determines and assesses the policies of the Indian government stipulated in the annual finance budget. Public finance identifies that types and consequences of tax measures and expenditure on citizens, institutions, and the entire economy. Public finance is also concerned with improving and upgrading economic procedures that support governmental policies.
Public Finance is the area of economic theory devoted to the study of how government policy tax and expenditure policy affects microeconomic behavior as well as aggregate economic activity. It is the field of economics that analyzes government taxation and spending policies.
Public Finance deals with the taxing and spending activities of various governmental units.
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