Every aspect of human life starts from comes to an end with certain things one of the most important element of it is ‘Finance’. Development of human beings is depend upon the financial aspects or literacy among them. Same thing happens with the society, country, economy, world at large everywhere the ‘Finance’ play vital role only it size and requirements are different. Development of society brings development of nation and build the economy. In country government rules and regulations plays a role for shaping the economy and brings economy from developing to developed. Government gives towards citizens social security, facilities which are helpful. For the civilized society, with the help of finance. Government. Government finance has a critical role not only in protecting life and properly, but creating physical infrastructure to expand economic activities to generate employment opportunities and also provide infrastructure or for social empowerment in the economy. Public finance is the money or collection sources of government. Government collect money in the form of taxation from the society and allocate these towards the well being of the society, hence forth it is the circle public finance is collected from public and utilize it for the public, government plays the role of authority of collection and allocation. Management and administration of public financial administration is critically important faced having base of budget and encompasses the budgetary cycle, that is formulation, enactment of budget and overall accounting and auditing of accounts. The collection of government depends upon the taxation system of the country. The low taxation gives deficit to the government and higher taxation policy is against the society and it will gives gap between rich and poor and leads imbalance in the society an a whole. Development depends upon the administration and management of public finance rationally by the government.
