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What is Scope of Public Finance Explained about?

The document summarizes the scope and functions of public finance according to Prof. Dalton. The scope includes public income, public expenditure, public debt/borrowing, and financial administration. Public income refers to tax and non-tax revenue sources. Public expenditure covers government spending. Public debt occurs when spending exceeds income. Financial administration manages the budget. The functions are allocation of public goods, distribution of wealth through taxes and subsidies, and stabilizatio

Author

Santosh Chhetri

Language

EN