Question

role and significance of public finance in developed and underdeveloped countries​

Answer 1

Explanation:

Public finance is the branch that deals with the government's revenue and expenditure. Public Finance plays an essential role in stabilizing the supply, allocating the resources, and distribution and development of the state.

Public finance is crucial for the development of a nation as it deals with taxation and expenditure of different civic organizations. It plays a vital role in acquiring the financial resources needed by an economy to achieve its social welfare. ... Some of them are revenue, expenditure, public sector deficit, etc.