Along with the human, material, and informational resources, financial resources represent an important element of a nation’s wealth. Financial resources summarize all the financial means necessary to achieve some objectives of an economic, and social nature.
Role of public finances in the market economy
The distribution of an important part of the gross domestic product, through public finances, generates certain useful effects for the whole society. Through the transfer of purchasing power, there is a change in social relations. This influences the process of social reproduction. In addition, it influences the economic potential of enterprises, the income and wealth of citizens, and the quality of life in general. In another form, the intervention of the state in the economy, with the help of finance, does not have a neutral character but fulfills an active role.