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Cfm 307-F: Public Sector Finance Question Paper

Cfm 307-F: Public Sector Finance

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2009

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UNIVERSITY EXAMINATIONS: 2008/2009
THIRD YEAR STAGE II EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE
CFM 307-F: PUBLIC SECTOR FINANCE WEEKEND
DATE: AUGUST 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE
i) Discuss the rationale for the adoption of planning program budgeting systems (10 Marks)
ii) There are concerns in some quarters that the Kenyan public debt is spiraling out of control.
Discuss who will bear the burden of public debt. (7 Marks)
iii) Discuss the role of the public sector in the country. (5 Marks)
iv) Kenya has one of the best tax systems in sub-Saharan Africa. Drawing from theory of taxation,
discuss the effectiveness of the Kenyan tax system. (8 Marks)
QUESTION TWO
i) Every year the government presents a budget to the government. Policy makers opine that the
budget is a multifaceted tool that serves many purposes. Discuss this statement (10 Marks)
ii) Discuss the sources of government revenue (10 Marks)
QUESTION THREE
i) The Kenyan parliament last year passed a bill to create the parliamentary budget office inorder
to under take budgetary control functions. Discuss the budgetary control process (10 Marks)
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ii) Discuss the concept of zero based budgeting outlining why it is nowdays popular with many
budgetary systems. (10 Marks)
QUESTION FOUR
i) The government of Kenya has been using the medium term framework (MTF). Discuss what
this entails and illustrate the governments motivation to adopt the same (5 Marks)
ii) Discuss the principles of planning program budgeting system. (10 Marks)
iii) Discuss the role of fiscal policy in a developing economy (5 Marks)
QUESTION FIVE
i) Public expenditure entails the use of revenues collected for various purposes. Discuss the
effects of public expenditure on the working of the economy (10 Marks)
ii) ii) Discuss the methods of public debt redemption (10 Marks)
QUESTION SIX
i) Discuss the concept of taxable capacity and discuss the determinants of the same (10 Marks)
ii) Compare and contrast the zero base budgeting and program budgeting (10 Marks)

Cfm 307-F: Public Sector Finance Question Paper

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