public sector financing

Public sector financing refers to how government entities raise and manage funds to provide services and infrastructure for society. Governments collect revenue mainly through taxes, fees, and sometimes borrowing. These funds are then allocated to programs like healthcare, education, transportation, and defense. Effective public sector financing ensures sustainable and efficient use of resources to meet public needs, balance budgets, and support economic stability. It involves decision-making on revenue generation and expenditure to serve the collective interest, maintaining fiscal health while delivering essential services.