Introduction Of Public Finance | Meaning and Scope of Public finance| Public and Private Finance |

simple layman terms, public finance is the study of finance related to government entities. It revolves around the role of government income and expenditure in the economy.
Prof. Dalton in his book Principles of Public Finance states that “Public Finance is concerned with income and expenditure of public authorities and with the adjustment of one to the other”
By this definition, we can understand that public finance deals with income and expenditure of government entity at any level be it central, state or local. However in the modern day context, public finance has a wider scope - it studies the impact of government policies on the economy.
Let’s understand the scope of public finance to understand how public finance impacts the economy.
THE SCOPE OF PUBLIC FINANCE
Prof. Dalton classifies the scope of public finance into four areas as follows -
PUBLIC INCOME
As the name suggests, public income refers to the income of the government. The government earns income in two ways - tax income and non-tax income. Tax income is easy to recognize, it’s the tax paid by people of the country in the form of income tax, sales tax, duties, etc. On the other hand non-tax income includes interest income from lending money to other countries, rent & income from government properties, donations from world organizations, etc.
This area studies methods of taxation, revenue classification, methods of increasing government revenue and its impact on the economy as a whole, etc.
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PUBLIC EXPENDITURE
Public expenditure is the money spent by government entities. Logically, the government is going to spend money on infrastructure, defense, education, healthcare, etc. for the growth and welfare of the country.

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Thank you Sir, for starting this public finance series.

[@prasanjitdinkar1207]

Thankyou sir for starting this new playlist. It is also very helpful for BBA/B.com students.
again thank you sir for your commendable work.🙏🙏🙇🙇

[@Amaurya6384]

Thank you so much ...
For this video ... for me it's a very difficult topic ... but now it's easy to understand 😊😊

[@MonuYadav-xq2xe]

Way n subject matter of teaching is very nice

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Koti koti naman🙏

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Sir aap bhot jyada acha pdate jo jii thanku sir jii 🙏🙏

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Thank you sir...🙂🙂🙂 for Starting public finance topic...

[@manishanagar4379]

Sir, Please PGT(Economics) Ki bhi video syllabus wise bana kar post kar dijey jis se preparation kar sakey

[@k.pandey5847]

Thank u sooo much for starting public finance

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Jai ho 🙏

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God bless you

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Sr kisi bhi topic ko smjhne ka jo deen najariya hota hi jaise ap hr topic ko deeply smjh lete hi vo najariya develop kaise hota hi

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Thanks sir

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Sir I am student of bhu ba 2nd year due to online classes I am not properly under stand fact so sir if you provide some pdf of public finance then sir it is helpful for me to study pdf and watch your video parallel

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Thanks you sir

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Pls Sir videos ki numbering kar dijiye taki ye pta chal jaye kis video ke baad konsi video dekhni h or concept me continuity bni rahi.

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Sir public economics ki koi book considered kar skate ho kya hindi m

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[@digvijayeconomica]

Welcome

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Sir I have watch all you video they are very informative nd widen the horizon of mind..
Thanku for that sir..
Sir a little rqst from my side is that plz take a lecture on the post independence economic of india..how our economy change nature from a closed to open economy.

[@digvijayeconomica]

Ok...

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Second class available hai kya sir you tube par public finanace ki
Please sir maargdarshan

[@digvijayeconomica]

Ha playlist dekhe

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Guru ji mai p g t aur g g I c ki taiyari kr rhi hu aap ki video ko dekhti hu

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Thanks sir for this series but i am confuse after that which video i should watch? Because there is not numbering.

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[@digvijayeconomica]

Ok i will tell u about playlist

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Sir, please suggest some books regarding public finance 🙏🙏

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H l bhatiya , Musgrave and mussgrave

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