Definition ∞ Public Finance is the study and practice of managing government revenues, expenditures, and debt. It involves analyzing how governments collect taxes, allocate funds for public services, and finance their operations through borrowing. The objective is to optimize economic efficiency and social equity through fiscal policy. Public finance principles guide decisions on taxation, budgeting, and public debt management.
Context ∞ The intersection of public finance and digital assets is a growing area of discussion, particularly concerning the potential impact of central bank digital currencies (CBDCs) on monetary policy and financial stability. Governments are exploring how to tax digital asset transactions, manage national digital asset reserves, and potentially issue tokenized government bonds. These developments require careful consideration of regulatory frameworks, economic implications, and the role of digital currencies in national and global financial systems.
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