Government finance

Government finance refers to how a government manages its income and expenditures. This includes collecting revenue through taxes, fees, and other sources, and deciding how to spend that money on public services like education, healthcare, and infrastructure. Effective government finance ensures that funds are used efficiently to promote economic stability and growth while addressing societal needs. It also involves borrowing when necessary, managing debt, and crafting budgets that reflect priorities and goals. Sound financial management is crucial for a nation's long-term prosperity and the well-being of its citizens.