Q.Define Public Finance.

Public finance studies the government's revenue, expenditure, debt and financial administration — how the state gets money and how it spends it.

Public finance is that part of economics which deals with the financial activities of the government (public authorities). It examines how the government raises resources (public revenue), how it spends them (public expenditure), how it borrows (public debt), and how it manages the whole process (financial administration and budgeting).

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