IPF 1 - Latest
IPF 1 - Latest
IPF 1 - Latest
PUBLIC FINANCE
CHAPTER 1:
INTRODUCTION TO PUBLIC FINANCE
LESSON OUTLINES
1
Introduction to Public Finance
2
Definition of Public Finance
3
The Scope/Activities of Public
Finance
1. Taxation – compulsory charge by the
government.
2. Public borrowings and debt management –
public grants – by FC.
3. Accounting – recording, collecting &
disbursing of govt resources.
4. Auditing – review & examination of govt R &
E.
5. Budget – statement of R & E.
6. Procurement – purchasing of G & S.
4
The Importance of Public Finance
Tutorial Questions