Public finance is the study of taxation, subsidy, national debt, revenue allocation, and their effects on the economy. Public finance deals with how a government gets its revenue, how it spends it, and their effects on the economy. It is in this lucid manner that this book will teach you public finance. It clearly explains the objectives of public finance. It analyzes the sources of government revenue. They include direct taxes, indirect taxes, royalties, rents, fees, fines, licences, loans and aids. It appraises taxation and discusses the reasons why the government imposes taxes. It evaluates direct tax and throws light on the credit and debit sides of direct tax. It examines indirect tax and casts light on the credit and debit sides of indirect tax. It discusses the attributes of a god tax. They include equity, convenience, certainty, economy, neutrality and flexibility. It discusses the effects of taxation on the producers and consumers. It examines the incidence of taxation. It explains the systems of taxation. They include the proportional tax, progressive tax and regressive tax. It identifies government budget and explains the types of budget like balanced budget, surplus budget and deficit budget. It examines the structure of public expenditure like recurrent expenditure and capital expenditure. It evaluates the effects of public expenditure. And it clearly explains revenue allocation and explores the principles of revenue allocation like population, balanced development, equality, derivation, need and presence.