(i) Public Revenue
Public revenue collects money from the public through direct and indirect taxes, penalties, fines, fees, maintenance, etc.
(ii) Public Expenditure
Public expenditure is the expenditure for the public like infrastructural facilities, basic health facilities, medical and educational facilities, etc.
(iii) Public Debt
When the expenditure exceeds the revenue, the government can take the help of debt to fulfill the country’s needs and run the economy.
(iv) Financial Administration
Financial administration is managing the public finance and addressing the needs of the government like salaries to the general electives, expenditure on maintenance of communal heritage, etc.
