5 Components of Public Finance Explained | List of 20 Fundamental Principles of Public Finance

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A public financial management system is a set of rules, principles, policies, and processes that govern the use of public funds across all sectors of the government, from revenue collection to monitoring of public expenditures.

In this video, we will list some of the most Fundamental Principles of public finance. These important democratic principles, should be used to guide the various components of public finance.

- What is Public Finance?
- 5 Components of Public Finance.
- 20 Fundamental Principles of Public Finance.
- Consequences of not adhering to these principles.

Public finance comprises of a number of components. The 5 components of Public finance are: Public Revenue, Public Expenditure, Public Debt, Financial Administration, and, Economic Stabilization.

References:
1. https://corporatefinanceinstitute.com...

2. https://www.u4.no/topics/public-finan...

3. https://www.fpfinancingroadmap.org/le...

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Disclaimer:
This publication and the information included in it are not intended to serve as a substitute for consultation with a professional. Specific issues, concerns and conditions always require the advice of an appropriate professional advisor. The use of the contained information is at the user's own discretion.