{"id":26850,"date":"2015-03-16T04:00:05","date_gmt":"2015-03-16T04:00:05","guid":{"rendered":"http:\/\/vskills.in\/certification\/blog\/?p=26850"},"modified":"2024-04-03T13:15:54","modified_gmt":"2024-04-03T07:45:54","slug":"public-finance","status":"publish","type":"post","link":"https:\/\/www.vskills.in\/certification\/blog\/public-finance\/","title":{"rendered":"Public Finance"},"content":{"rendered":"<p style=\"text-align: center\"><a ref=\"magnificPopup\" href=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/Public-Finance.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26865\" alt=\"Public Finance\" src=\"http:\/\/vskills.in\/certification\/blog\/wp-content\/uploads\/2015\/03\/Public-Finance.jpg\" width=\"285\" height=\"177\" \/><\/a><\/p>\n<p>Every government has its own financial management. In the case of a government, how<br \/>\nmuch on what areas will be the probable yearly expenditures of the government and<br \/>\nhow that money can be arranged from which sources are discussed in the public<br \/>\nfinance.<\/p>\n<p>Government has to spend a lot of money for overall development of the<br \/>\ncountry in various sectors like- roads, bridge, government educational institutions,<br \/>\ngovernment hospital, law and order, defence, social infrastructure etc.Government<br \/>\ncollects money to bear these expenses from different sources like- income tax, tat, gif<br \/>\ntax, import custom, export custom, saving certificates, prize bond, treasury bill etc. In<br \/>\npublic finance, first the amount of expenditure is determined and then fund is collected<br \/>\naccording to the needs.<\/p>\n<p>The main objective of public finance is social welfare. Public<br \/>\nfinance is usually non-profitable. Expenditure may be greater than income in public<br \/>\nfinance. There exist a number of business organizations under government ownership,<br \/>\nwhich may be less profitable also, for example: chemical industries under BCIC. Again,<br \/>\nlarge amount of money is required for big projects like Jamuna Bridge, if total amount<br \/>\nof money is to collect from government budget. On many occasions, financial crisis<br \/>\nmay occur to the government due to public expenditure for social and state security. For<br \/>\nthat reason, many times the government collects foreign loan from organizations like<br \/>\nADB (Asian Development Bank), World Bank, IDB (Islamic Development Bank), etc.<br \/>\nBut at the time of sanctioning the loan, such organizations impose different types of<br \/>\nconditions, which may not be consistent with the need of the country\u2019s development<br \/>\nand image protection. Considering this conditions, government wants to collect fund<br \/>\nfrom other sources. Now-a-days, big projects are financed worldwide and also in our<br \/>\ncountry through public-private cooperation. This type of arrangement is called PPP<br \/>\n(Public Private Partnership).<\/p>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/accounting-banking-and-finance\">Click here for government certification in Accounting, Banking &amp; Finance<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every government has its own financial management. In the case of a government, how much on what areas will be the probable yearly expenditures of the government and how that money can be arranged from which sources are discussed in the public finance. Government has to spend a lot of money for overall development of&#8230;<\/p>\n","protected":false},"author":625,"featured_media":26865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_joinchat":[],"footnotes":""},"categories":[1519],"tags":[2106,2632,2144],"class_list":["post-26850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting-banking-and-finance","tag-government","tag-public-finance","tag-welfare"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Public Finance - Vskills Blog<\/title>\n<meta name=\"description\" content=\"What is Public Finance?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/blog\/public-finance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Public Finance - 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