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Public Finance occupies a significant place in decision-making process and is a vital instrument for the growth and development of modern economies. Public finance therefore is not only an important branch of the economics but also the science of management of ‘public funds.’ Elaborating principles, policies and practices of public finance, the book also deals with various aspects of public finance which is now a matter of universal concern. Public revenue, public expenditure and public debts are studied in depth in all the economies. The analogy between private and public finance and ‘principle of maximum social advantage’ are also discussed in a precise way in this book. It exclusively explains theory and practice of government public finance in its sixth chapter. This comprehensive study will certainly cater to the needs of the students at undergraduate and postgraduate levels. The book will also be very useful to the candidates who are preparing for various competitive examinations.