What are public finances, what do we need to know?
Public finance is the management of a country's revenue. The importance of public finances cannot be overstated. Mainly, it analyzes the impact of financial activities taken by the government on individuals and legal persons. It is the branch of economics that evaluates government revenue and government expenditure and the adjustment of either to achieve desirable effects and avoid undesirable effects. They are another area of finance just like personal finance.
