The textbook of Public Finance: Principles and Practices, basically intended for students of MA and research scholars, specializing in public finance, aims to make the students understand the institutional and practical aspects of the subject. It is designed to provide the necessary tools and conceptual framework to understand the fiscal situations around the world. With its lucid language, interspersed with several real-life examples and figures, the book will be equally useful for students and policy makers and those conducting policy training programmes.