4.1 Public Finance

• Meaning and importance of public finance
• Sources of public revenue: taxation and non-tax sources
• Fees, fines, licences and permits as sources of revenue
• Grants, royalties and borrowing
• Meaning and classification of public expenditure
• Categories of public expenditure
• Principles of public expenditure
• The government budget and public debt

• explore sources of public finance other than taxation in Kenya
• classify public expenditure in Kenya
• assess the principles of public expenditure in Kenya
• acknowledge other sources of public finance in Kenya

“What are the sources of public finance?”

“How does the government spend its revenue?”

The titles are open to everyone. Reading a lesson needs an account — sign in or create one.

1. Public finance and its importance
   40 min · 1 practice tasks · quiz
   Introduce public finance, public revenue, public expenditure and the government budget.
2. Taxation as a source of public revenue
   40 min · 1 practice tasks · quiz
   Examine taxation, distinguishing direct from indirect taxes.
3. Sources other than taxation: fees, fines and licences
   40 min · 1 practice tasks · quiz
   Explore non-tax sources of public revenue: fees, fines, licences and permits.
4. Grants, royalties and borrowing
   40 min · 1 practice tasks · quiz
   Examine grants, royalties and borrowing as further sources of public finance.
5. Meaning and classification of public expenditure
   40 min · 1 practice tasks · quiz
   Define public expenditure and classify it into recurrent and development spending.
6. Categories of public expenditure
   40 min · 1 practice tasks · quiz
   Examine the main categories of public expenditure by sector and purpose.
7. Principles of public expenditure
   40 min · 1 practice tasks · quiz
   Assess the principles that should guide how the government spends public money.
8. The government budget and public debt
   40 min · 1 practice tasks · quiz
   Link revenue and expenditure in the budget and explain public debt.