Social Sciences, asked by afiyakhan4845, 1 year ago

Importantance of public finance

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Answered by agamdeep34
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Importance of public finance..............

Government finance is importantto achieve sustainable high economic growth rate. Thegovernment uses the fiscal tools in order to bring increase in both aggregate demand and aggregate supply. The tools are taxes, publicdebt, and public expenditure and so on.

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The subject of public finance includes taxation effects, public expenditure and borrowing, and deficit financing of an economy. Thus, public finance helps thegovernment to evaluate its expenditure and revenue contributing to the growth of an economy.

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Answered by taehyung21
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