National Budget Flashcards
1
Q
What is the national budget?
A
- Draft of a business’ expected income compared to its expected expenses
- Gov first considers what needs to spend money on and then gov determines tax levels that they charge individuals and businesses to collect revenue
2
Q
Who is the minister of Finance?
A
Tito Mboweni
3
Q
What is the physical national budget ?
A
A document that guides state on how much money is available to spend on national goods and services
- minister department
- responsibility and accountability
