Differences between Public finance and Private Finance

The differences between public finance and private finance are as follows

Public Finance	Private Finance
1. Public finance deals with government expenditure and revenue.	Private finance deals with the income and expenditure of private individuals, households and businesses.
2. In public finance, first expenditure is estimated and then revenue sources are searched.	In private finance, first income is estimated and then expenditure is planned.
3. Public finance is transparent, not secret.	Private finance is secret
4. The objective of public finance is maximization of social welfare	The objective of it is satisfaction or profit.