Handbook of Public Finance

In public finance we study the finances of the Government. Thus, public finance deals with the question how the Government raises its resources to meet its ever- rising expenditure. Therefore, public finance has to play a special role of promoting economic growth in the developing countries besides maintaining price stability. Further, for developing countries mere economic growth is not enough; the composition of growing output and distribution of additional incomes ought to be such as will ensure removal of poverty and unemployment in the developing countries. Therefore, public finance has not only to augment resources for development and to achieve optimum allocation of resources, but also to promote fair distribution of income and expansion in employment opportunities. This book covers a wide variety of topics in the theory of public finance.