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Innovative Public Finance: Definition, Practice and Context

In: Innovations in Financing Public Services

Author

Listed:
  • Pekka Valkama
  • Ari-Veikko Anttiroiko
  • Stephen J. Bailey

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.

Suggested Citation

  • Pekka Valkama & Ari-Veikko Anttiroiko & Stephen J. Bailey, 2010. "Innovative Public Finance: Definition, Practice and Context," Palgrave Macmillan Books, in: Stephen J. Bailey & Pekka Valkama & Ari-Veikko Anttiroiko (ed.), Innovations in Financing Public Services, chapter 1, pages 1-13, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28206-3_1
    DOI: 10.1057/9780230282063_1
    as

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