Transcription of CHAPTER 13 PUBLIC FINANCE 1. INTRODUCTION
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CHAPTER 13 PUBLIC FINANCE 1. INTRODUCTION
PUBLIC FINANCE Period: April 2000 March 2002 487 CHAPTER 13 public finance 1 . INTRODUCTION As part of PUBLIC FINANCE , the budget allocation process is key to the government s roles of allocation, redistribution of resources, and economic stabilisation. As an emerging economy with a wide gap in the distribution of PUBLIC goods, South Africa still needs government to play the three roles mentioned above. The aim of this CHAPTER is to analyse the responses received from both the Provincial Treasury and the National Treasury. Sufficient funds have to be allocated for the achievement of policy priorities set out by the provincial departments and the national departments South Africa uses a budgeting system known as the Medium Term Expenditure Framework (MTEF), which is a three-year budgeting cycle.
The Eastern Cape and Limpopo Treasuries did not respond to the q uestions posed in this section. The Free State Treasury indicated that it had a difficulty determining whether the financial resources were sufficient to enable it to deliver services for the economic and social rights. It cited the fact that funding for the rights listed in the
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