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Public Finance
01 December 2018 Share Tweet

Public finance refers to the system by which financial resources are planned, directed, and controlled to enable the efficient and effective delivery of public services by government entities. This encompasses a broad array of functions, including budgeting; mobilization of revenue and financing; undertaking of public expenditure and transfer programs; and recording and accounting. In addition to the general government institutions, the state-owned enterprises carry out important aspects of public finance management.