KShs 100
Description
These notes are intended to help students from the school of economics, department of applied economics
CHAPTER ONE
NATURE OF PUBLIC FINANCE
Governments provide many goods and services to public. In Kenya the government provides subsidized education in primary, secondary and in university. Also provided are health cares and environmental protection. The government is involved in projects that directly increase the production of goods and services. It provides water for industrial use, domestic use. Such projects involve expenditures of large amount of money provided through taxing, licensing and borrowing.
The study of public funding enables us to know how the government through its budgetary, monetary and fiscal policy allocates and distributes scarce resources in the country.
Purchase the notes to have full text