public finance has to play a special role of promoting economic growth in the developing countries besides maintaining price stability. Public revenue, public expenditure, public debt, financial administration and Public budgeting are the main major subject matter of the public finance.

What is the role of public finance in developing countries?

It follows to emphasize the fact that the main role of public finance policy in developing countries is to expand productive capacity by raising the level of real capital including skills as well as plants and equipment and to check the demand generating effect of expanding investment.

What is the role of public finance in Ethiopian economy?

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.

What are the objectives of public finance?

Equitable distribution of income: Public finance ensures that the revenue generated is distributed equally to the different economic sector of the economy and ensures there is no partiality in the distribution of the national resources.

What are the main objectives of public finance in underdeveloped countries?

The goals or objectives of public finance in developing countries are those of economic policy as a whole: economic growth, internal and external stability, and the attainment of an appropriate distribution of income and wealth.

What is the role of Public Finance in the economy?

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. Let us learn more about this topic. Public Finance in Market Economy

What kind of economic development program does Nigeria have?

A longer-term economic development program is the United Nations (UN)- sponsored National Millennium Goals for Nigeria.

What was the purpose of the Nigerian economy?

The purpose of the NEEDS was to raise the country’s standard of living through a variety of reforms, including macroeconomic stability, deregulation, liberalization, privatization, transparency, and accountability.

What is the role of public expenditure in economic development?

Public expenditure, therefore, plays capital role in economic development of an under-developed economy. Economic development is handicapped kin underdeveloped countries on account of the lack of the necessary infrastruc­ture.