- 10 Marks
PSA&F – Nov 2019 – L2 – Q6a – Government Revenue
Explains three ways to authorize payments from the Consolidated Revenue Fund (CRF) and discusses two statutory payments permitted by law to be charged directly to the CRF.
Question
The objective of public financial management is to safeguard public funds from mismanagement. One way to achieve this is by ensuring that payments from the Consolidated Revenue Fund (CRF) are properly authorized.
Required:
- Identify and explain THREE ways to authorize payments from the CRF.
- Discuss TWO statutory payments that can be charged directly to the CRF.
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