BusinessTech.

Who is responsible for the Budget in South Africa?

• Minister of Education

• Minister of Finance

• Minister of co-operative governance and traditional affairs

• Minister of Trade and industry

Where is the national budget presented ?

• Parliament

• Union Building

• National Assembly

When the income exceeds the expenditure, the budget has a…

What is the Fiscal Policy and what does it contain ?

Who is the Minister of Finance ?

What are the TWO types of Taxes ?

• VAT

• Indirect Tax

• Direct Tax

• Sin Tax

A certain amount of the budget is allocated to each __________

• Government department

• Government Official

• Government Minister

• Government Expense

Answer explanation

Try thinking of the various Ministers and their functions and services they provide

The budget is based on __________ income and spending.

• General

• Required

• Earned

• Expected

In __________ of each year, the Minister of Finance presents his or her budget for the coming financial year to Parliament.

• February

• January

• March

• April

Parliament has to __________ the budget before it can be implemented.

• Debate

• Approve

• Peruse

• All of the above