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What is the difference between financial management and public finance management?

What is the difference between financial management and public finance management?

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Q: What is the difference between financial management and public finance management?

Ans: Financial management is the branch of finance which deals with planning , control,capital structure and sourcing of fund for corporate. it is only meant for corporate shareholders' wealth management. Finacial budget, financial decision making are the core function activities of financial management.

Public finance management is the branch of economy which states how government of country uses fund for the development of people. The fund is managed efficiently by government for economic governance, performance of states. Government issue debts and bonds to raise fund for this requirement.

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