Economics Revision Questions Question Paper

Economics Revision Questions

Course:Cpa Part I

Institution: Strathmore Business School question papers

Exam Year:2004

3.9 PUBLIC FINANCE

QUESTION THIRTY THREE
Modern economies can be highly influenced by the way their budgets are frame worked. Required:

a) Clearly explain the role of budgetary management in economic development. (8 marks)
b) Briefly explain the types of budgets. (3 marks)
c) i)Define taxation. (2 marks)

(ii) Clearly explain the principle functions of taxation.

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