What is the role of public finance in your country
- It influences the level of investment. The government may reduce taxes and increase subsidies in a given sector to raise level of investment
- To reduce income inequality especially through progressive taxes
- To raise government revenue to infrastructural development
- To control inflation
- To discourage consumption of harmful products such as drugs, tobacco and alcohol.
- To increase the level of unemployment by creating employment opportunities and subsidizing projects that create employment opportunities
- To promote industrialization of self-sustenance of a country
- To build necessary infrastructure for development and facilitate economic growth.
- Save people from disaster such as floods, hurricanes, fire etc.
- To manage public debts
- To ensure security for the country.
CATEGORIES Economics
TAGS Dr. Bbosa Science
