The Public Finance Management of Puey Ungphakorn’s Concept

Authors

  • Sanya Kenaphoom, Phraphalad Somchai Damnoen, Watchaporn Janthanukul, Busara Niyomves

Abstract

The public finance is important for developing the country because these leads to get the budget through the taxation. There are names call the public finance such “Public Sector Economics” or “Public Economics” or “Public Finance” but all have the same meaning which is the operation of government’s economy both micro level concerns the resource allocation and the income distribution, and macro level about Tax collection, Expense and Monetary policy. Public Finance, thus, is the government’s activities for earning and spending with the economic goals such as economic growth, economic stabilization, income distribution with equitable economic.  This article aimed to study the general concept for managing the public finance and to study the finance management of PueyUngphakorn’s Concept. This study was the documentary research by review the literature concerning the public finance especially the “Fiscal Policy with the Theory of Three Piston Balloons by Dr. PueyUngphakorn” made by the Fiscal Policy Office (2015), then to analysis by the content analysis. The main conceptual framework consists of (1) the scopes of public finance, and (2) the finance management of PueyUngphakorn’s Concept. Results found that; (1) the scopes of public finance are the government reverence, the public expenditure, the public debt, the government budget, the fiscal policies, and including the monetary policies.  (2) Fiscal Policy Management and Economic Situations were; (a) Fiscal policy on economic depression or deflation, (b) Fiscal policy on inflation, (c) Fiscal policy and unemployment problem, (d) Fiscal policy and balance of payment problems, (e) Fiscal policy with economic development, and (f) Fiscal policy with income distribution problems.

Published

2020-02-29

Issue

Section

Articles