Public financing refers to the provision of funds by a government or public body for various purposes such as infrastructure development, education, healthcare, and other essential services. This type of funding is usually obtained through taxes, fees, and other revenue sources that are collected by the government on behalf of the people it serves. Public financing can also involve the issuance of bonds or other securities to raise capital for specific projects or initiatives. The goal of public financing is to ensure that essential services and infrastructure are provided to all members of society, regardless of their ability to pay.