National Budget Quiz

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Questions and Answers

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?

  • 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)?

  • 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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