Noun
public finance (uncountable)
- A field of economics concerned with paying for collective or governmental activities, and with the administration and design of those activities.
2000, John M. Quigley, Eugene Smolensky, editors, Modern Public Finance, Harvard University Press, →ISBN, page 2:Moreover, the formulation of the model serves as a blueprint for the incorporation of modern notions of labor economics in public finance.
See also
- public finances (“state budget”)