1. What is Public Finance, and what are the key questions that the field addresses?

Q: What constitutes the basic financial statements for a government?

A: Financial statements helps government to know the financial position of the business and the balance…

Q: How does a government agency raise revenue differently from a private company, and how does that…

A: The private sector is the portion of the society which is driven by gain through people and…

Q: What is public finance in the Philippines?

A: Public finance can be defined as a subject dealing with the study of government functions concerning…

Q: what is the the importance of good governance in the public sector?

A: Since you have asked multiple questions, we are answering the first one for you. If you want the…

Q: What are the budget revenues for a government to finance government spending?

A: Budget revenues are detailed information of revenues  receipts and expenditures of the government.…

Q: government budgeting? Why is it important?

A: Government budgeting:- Government budgeting is the critical exercises of allocating revenues and…

Q: What are the four roles of government? Give an example of each role.

A: The of government has multi dimensional roles which can be summarized as taking action in interest…

Q: Describe the difference between efficiency and effectiveness in government and give an example using…

A: Effectiveness vs Efficiency:- Effectiveness:- Effectiveness deals with the maximizing the desired…

Q: 1. How do the different branches of government work together to implement public policy?

A: As a consumer or a capital good is manufactured, cost is initiated and process of business follow…

Q: What is the role of government in an economy. Explain in detail.

A: The institution that a society uses to create and implement its public policies is referred to as…

Q: a key consideration by most Governments. In the quest to provide for such goods, some goods and…

A: The branch of economics that helps in assessing and adjustment of the revenue and expenditure of the…

Q: Give typing answer with explanation and conclusion Briefly contrast a private company and a public…

A: The incorporation of economic ideas and theories into the investigation and management of assets in…

Q: What are the main categories of government spending? What are the main categories of government…

A: Government spending is the fund spend by the government on the various sector of society. It has the…

Q: What are some of the dominant political considerations involved in the preparation phase of public…

A: A public budget is a financial plan or roadmap that outlines how a government or public entity will…

Q: 1. What are the Five most common Types of Taxes? Give Examples.

A: Tax alludes to a mandatory financial charge or duty forced by an administration on people or…

Q: How do government failures provide rationale and justification for public policy?

A: In the context of public economics, government failure is defined as an economic inefficiency…

Q: what role does taxation and budget process play in government decisions?

A: The budget process is a very essential aspect of the decision-making process of the government.…

Q: How does public sector spending effect the economy and the businesses within?

A: Public sector spending is undertaken by the government of the country. This involves developing…

Q: What is the government’s role in the economy? Explain and give some examples. 2.What is the concept…

A:

Q: What is the subject of Corporate Tax? Who has to pay corporate tax? Please provide detailed…

A: Corporate tax is a form of tax that applies to all businesses. It is a tax levied on a company's…

Q: What does Benjamin Franklin mean in the following quote about taxation? What advice is implied and…

A: Planning one's finances in terms of either taxes or even investments can be fruitful.

Q: Describe how taxes can lead to efficiency losses. Your answer should include a graph and an…

A: Taxes lead to efficiency loss which is known as deadweight loss. It is lost surplus of consumer and…

Q: State two main important objective of government budget??

A: According to the given question Government budget is an notion of the expected expenditure and the…