Public Finance Introduction to Public Finance: Before we begin with the public finance, we would like to point out

the major functions of a modern government:(a) Improving economic efficienc (b) !aking the distribution of income less une"ual(c) #tabilising the econom through macro$economic policies(d) %epresenting the countr internationall It is dut of the government to bring economic and social justice in the countr & 'nd thiscan onl be done b properl utilising the funds raised through ta(es and other sourcesof public finance