Define public fiscal administration, taxation, budgeting, governmental accounting and auditing, and debt management?

A fiscal administration shows the reality of government and public organization in their provision of public good or service for the citizen. It is an independent subject from the accounting, economic, political, and legal science, which is interdisciplinary and strives for any distinct goal of studies.

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Jaykay27viz Jaykay27viz · Answer 2

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Fiscal administration shows the reality of government and public organization in their provision of public good or service for the citizen.
Taxation is the imposition of compulsory levies on individuals or entities by governments in almost every country of the world.
Budgeting is the process of creating a plan to spend your money.
Government accounting refers to the process of recording and the management of all financial transactions incurred by the government which includes its income and expenditures.
Auditing is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.”
Debt management is an agreement between a debtor and a creditor that addresses the terms of an outstanding debt.

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