Public finance is the study of how governments manage their financial resources. It involves the collection of revenue through taxes and other means, as well as the allocation of funds to various public services such as education, healthcare, and infrastructure. The goal is to ensure that the government can meet the needs of its citizens while maintaining economic stability. Additionally, public finance examines the impact of government spending and taxation on the economy. It looks at how policies can influence economic growth, income distribution, and overall welfare. Key concepts include budgeting, fiscal policy, and public debt, which help guide government decisions on financial matters.