Public Economics has become a very interesting and challenging branch of Economics today and assumes tremendous significance. Public Economics is a field of advanced theories and related policies that analyse the income and expenditure of federal, state and local governments. This book is meantas a textbook for the post graduate students of Economics pursuing courses of Public Economics of Tribhuwan University and other universities of Nepal. It is also helpful to policy makers, economists, administrators, and other interested readers who want to know about the advanced theories of Public Economics and Government-related policies.