Public Finance GROUp no2 | Tài liệu Tiếng Anh

PUBLIC FINANCE GROUP NO2 CONTENT 1: Overview of Public Finance page 04
1.1. Definition of Public Finance 1.Overview of Public Finance
1.1. Definition of Public Finance
Public finance is a component of the national financial system
Public finance reflects the economic
relations through which the state manages
financial resources to fulfill its functions page 02 1.2. Characteristics of Public Finance 1.Overview of Public Finance
1.2. CHARACTERISTICS OF PUBLIC FINANCE
Closely associated with state authority
Compulsory in nature, especially taxation
Aimed at serving public interest
Large in scale with wide economic impact
Directly affects macroeconomic stability 1.3. Functions of Public Finance 1.Overview of Public Finance
1.3. FUNCTIONS OF PUBLIC FINANCE Allocation Function:
Public finance enables the state to
mobilize resources and redistribute
income across sectors, regions, and social groups 1.Overview of Public Finance
1.3. FUNCTIONS OF PUBLIC FINANCE Redistribution function:
It redistributes income via taxes and
welfare to narrow the wealth gap among social groups 1.Overview of Public Finance
1.3. FUNCTIONS OF PUBLIC FINANCE Stabilization function:
Uses fiscal instruments to control
inflation, reduce unemployment, and
promote sustainable economic growth. 1.4. Role of Public Finance 1.Overview of Public Finance 1.4. ROLE OF PUBLIC FINANCE
Public finance plays a crucial role in socio-economic
development by providing public goods, regulating the
economy, and promoting social equity. Content 2. PUBLIC REVENUE & PUBLIC EXPENDITURE 1.1 Pu P b u l b ilc R c e R v e e v n e u n e u Definition:
Public revenue is income collected by the government to finance
public services and activities. 1.1 Pu P b u l b ilc R c e R v e e v n e u n e u
1.1. Main sources of public Revenue - Direct taxes - State-owned Enterprises - inDirect taxes - Public Borrowing - fees & charges 1.1 Pu P b u l b ilc R c e R v e e v n e u n e u 1.2. Role of Public Revenue - Finance public Expenditure - Redistribute income - Support economic development 2. Public Expenditure Definition:
Public expenditure is government
spending to meet public needs and
achieve economic and social goals. 2. Public Expenditure
2.1. Types of public expenditure - economic expenditure - social expenditure
- administrative & defense expenditure - debt expenditure 2. Public Expenditure
2.2. Role of public expenditure - promote economic growth - improve living standards - reduce inequality
- stabilize the economy during crises 3. 3 RE R L E A L T A ITON O S N H S I H P P BE B T E W T E W E E N E RE R V E E V N E U N E U E & & EX E P X E P N E D N I D TU T R U E R
REVENUE MUST BE SUFFICIENT TO COVER EXPENDITURE
IF EXPENDITURE > REVENUE → BUDGET DDEFICIT
IF REVENUE > EXPENDITURE → BUDGET SURPLUS