What is Public Finance?

Public finance is a method of managing public finances in a country's economy that plays a critical part in the nation's development and progress both domestically and globally, and it affects every stakeholder in the country, whether or not that stakeholder is a citizen.

So, the management of a country's revenue, expenditures, and debt load by various government and quasi-government entities is nown as public finance.

Revenue / Taxes like Income tax (personal, corporate), Property tax, Sales tax, Value added tax (VAT) & Expenses like Health care, Employment insurance, Pensions, Education etc. are the examples of public finance.