report on public finances

A report on public finances provides an overview of a country's financial health by showing how much money the government earns (revenue) and spends (expenditure). It explains whether the government is running a surplus (earning more than it spends) or a deficit (spending more than it earns). The report also highlights key factors like public debt, economic growth, and fiscal policies, helping to understand the financial stability and sustainability of government activities. This information guides policymakers and the public in making informed decisions about economic and fiscal management.