Wednesday, July 16, 2014

Definition of Public Finance Administration

Finance means the dealing of money. It deals with raising or collection of money and the spending of money. Public Finance Administration is the study of the revenue and expenditure of government. According to the Hoover Comission (1949), it involves three items. Firstly, the machinery and methods of fund.  For example, the preparation of budget. Secondly, the raising and spending of money. According to budget 2014, Malaysia is facing deficit which mean more spending and less revenue. Lastly, to achieve modern government. As in Malaysia, we are pursuing the good life that was expected by people towards government. Good life means good knowledge, good property, good livelihood and good job.

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