government finances
/ˈɡʌvərn.mənt ˈfaɪn.ən.siz/ · gov·er·ment ˈfa·y-nənz
noun
- The financial resources and budgeting of a government, including revenue, expenditure, and debt. The government's finances were strained due to the economic downturn.
- The process of managing and allocating funds for government programs and services. The government's finances were reviewed to ensure transparency and accountability.
verb
- To manage or oversee the financial affairs of a government. The new finance minister was tasked with governing the government's finances.
Did you know? The term 'government finances' is often used in the context of public finance, which is a branch of economics that deals with the management of a country's financial resources.