Economics SSS 2 Third Term

WEEK 1

Elementary treatment of fiscal policy (I)

Performance Objectives

Student should be able to:

1. Define public finance
2. Explain the objectives of public finance.
3. Discuss the structure of government revenue and expenditure illustrating with Nigeria data.

Content

Definition and objectives of public finance

Public finance can be defined as the study of government activities, which may include spending, deficits and taxation. Alternatively, Public finance may be defined as the financial activities of government as they relate to revenue or income, expenditure and debt operation and their overall effect on the economy. It is also concern with borrowing and lending, receiving and spending by the federal, state, local governments and their agencies to create an impact on individuals and corporate bodies.

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