Public Finance is a term that refers to public funds (or public budgets).
Public finance (public budgets) are met through taxes, charges, duties and other revenues (such as loans) and money are taken from it by public expenditures on public services. The management of public finances should be transparent.
Public finance represent the relationship of the taxpayer, on the one hand, and the tax administrator on the other hand. In procedural terms, it is a fulfilment process, management, decision making concerning the use, release and consumption of financial resources from public budgets, etc.
Use of the Public finance in practice: Public finance is the source of income for providers of public services.