Public Finance
Public finance is the study of government revenue, expenditure, and debt management, focusing on how public authorities allocate resources to achieve economic and social objectives. It encompasses fiscal policy, taxation, public budgeting, and the provision of public goods and services. This field analyzes the impact of government financial activities on the economy, efficiency, and equity in society.
Developers should learn public finance when working on government technology projects, financial software for public institutions, or applications involving tax systems and public budgeting. It is crucial for building systems that handle government data, optimize public resource allocation, or ensure compliance with fiscal regulations, such as in e-governance platforms or economic simulation tools.