Question

Subjective and objective criteria of public finance

Answer 1

Taxes. Taxation is the central part of modern public finance. Its significance arises not only from the fact that it is by far the most important of all revenues but also because of the gravity of the problems created by the present day tax burden. The main objective of taxation is raising revenue.

Answer 2

Public Finance is the term, which has traditionally been used or applied to the packages of those policy problems, which involve the use of tax and expenditure measures. As a subject, public finance is a study of public sector economics. It is about the revenue, expenditure and debt operations of the government and the impact of these measures to the society. Public Finance is, therefore, about fiscal institutions, that is the tax systems, expenditure programs, and budget procedures, stabilization instruments, debt issues, level of government etc