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Questions and Answers
Which of the following best describes the National Budget?
Which of the following best describes the National Budget?
- A tool used by the government to achieve sustainable economic growth and development through fiscal policy.
- A plan for the future outlining anticipated revenue and government spending for the next financial year. (correct)
- A guide for allocating funds to government departments for projects related to their portfolio.
- A detailed framework for planning income and expenditure over a three-year period.
What is the purpose of the National Budget?
What is the purpose of the National Budget?
- To provide funding for government departments' projects.
- To ensure accountability in the use of public funds.
- To guide the allocation of funds for national services and initiatives.
- To achieve sustainable economic growth and development. (correct)
What is the Medium-Term Expenditure Framework (MTEF)?
What is the Medium-Term Expenditure Framework (MTEF)?
- A guide for allocating funds to government departments for projects related to their portfolio.
- A detailed framework for planning income and expenditure over a three-year period. (correct)
- A tool used by the government to achieve sustainable economic growth and development through fiscal policy.
- A plan for the future outlining anticipated revenue and government spending for the next financial year.
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