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Innovative Public Finance: Definition, Practice and Context

Pekka Valkama, Ari-Veikko Anttiroiko and Stephen J. Bailey

Chapter 1 in Innovations in Financing Public Services, 2010, pp 1-13 from Palgrave Macmillan

Abstract: Abstract Taking a narrow view, public finance means the provision of money for public expenditures by taxation, charges and borrowing (Bannock and Manser 1999). Public finance can also be conceptualised in a more functional way to include drafting and implementing relevant tax laws, safeguarding public money, managing public budgets, selling government bonds and assessing financial aspects of public policy programmes.

Keywords: Public Sector; Public Finance; Financial Innovation; Public Sector Organisation; Sovereign Wealth Fund (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28206-3_1

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DOI: 10.1057/9780230282063_1

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