Question Tag: Government Expenditure

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PSAF – May 2021 – L2 – Q4a – The Budgeting Process in the Public Sector

Explanation of MTEF, Budget Call Circular, and their main differences for public sector budgeting.

As the Accountant in charge of the expenditure division, you are to assist the Director of Finance in the ministry to set up a budget committee. You have also been asked to review the recently issued 2020 Budget Call Circular.

Required:

Explain briefly the following:

  1. Medium Term Expenditure Framework (MTEF) including FOUR of its objectives (6 Marks)
  2. Budget Call Circular (2 Marks)
  3. The main difference between MTEF and Budget Call Circular (2 Marks)

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PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector

Explain the factors militating against the budgeting system in the public sector.

The budgeting process is a cycle of events which occur sequentially every
year and which results in the approved budgets in ministries and extra ministerial departments.

Required:
Explain five factors militating against the budgeting system in the public sector.

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PT – Dec 2023 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of five economic roles that taxation plays in a country's development.

Taxation is a mechanism through which the government seeks to realize some of its economic objectives. It is one of the oldest means by which the government expenditure is funded. Taxation plays a central and significant role in developing countries over the world.

Required:
Explain FIVE (5) economic roles of taxation. (5 marks)

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PSAF – May 2021 – L2 – Q4a – The Budgeting Process in the Public Sector

Explanation of MTEF, Budget Call Circular, and their main differences for public sector budgeting.

As the Accountant in charge of the expenditure division, you are to assist the Director of Finance in the ministry to set up a budget committee. You have also been asked to review the recently issued 2020 Budget Call Circular.

Required:

Explain briefly the following:

  1. Medium Term Expenditure Framework (MTEF) including FOUR of its objectives (6 Marks)
  2. Budget Call Circular (2 Marks)
  3. The main difference between MTEF and Budget Call Circular (2 Marks)

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You're reporting an error for "PSAF – May 2021 – L2 – Q4a – The Budgeting Process in the Public Sector"

PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector

Explain the factors militating against the budgeting system in the public sector.

The budgeting process is a cycle of events which occur sequentially every
year and which results in the approved budgets in ministries and extra ministerial departments.

Required:
Explain five factors militating against the budgeting system in the public sector.

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You're reporting an error for "PSAF – Nov 2020 – L2 – Q3a – The Budgeting Process in the Public Sector"

PT – Dec 2023 – L2 – Q1b – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of five economic roles that taxation plays in a country's development.

Taxation is a mechanism through which the government seeks to realize some of its economic objectives. It is one of the oldest means by which the government expenditure is funded. Taxation plays a central and significant role in developing countries over the world.

Required:
Explain FIVE (5) economic roles of taxation. (5 marks)

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