The National Budget describes how money raised through taxes and loans will be divided among national, provincial and local governments
Up Next in Term 1
-
Government Expenditure: National Budget
National Budget expenditure is what the government spends money on to make our lives better, from the taxes they collect from households and businesses.
-
Standard of Living
We discuss the different types of societies that exist around the world and in our country. The societies being self- sufficient societies, modern societies and rural societies. We briefly go through the impact of development on the environment, unemployment, and productive use of resources to pr...
-
Part 1: Accounting Concepts:
This part of EMS falls under financial literacy and it involves some calculations. This lesson will introduce you to the theory of accounting, accounting concepts, what a sole trader is, banking, payments and receipts.
