Description
PUB3715 Assignment 3 Portfolio 2025 – Due May 2025
Question 1
You have been appointed as the shadow Minister of Finance, tasked with the responsibility to develop a budget for a mega project of restructuring the social grants. For this question, you are expected to show your understanding of the national budget, AND also explain how such a budget would be developed. Pay close attention to the budget cycle.
As the Shadow Minister of Finance
1.1 Understanding the National Budget
The national budget is the government’s annual financial plan, presented by the Minister of Finance in Parliament. It outlines projected income and expenditure, reflecting political priorities aligned with the Medium-Term Strategic Framework. It ensures that resources are allocated efficiently and public spending is effective.
This budget provides:
A spending plan for addressing the needs of society.
A tool for accountability, allowing citizens to assess government …………
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