THE NATIONAL REVENUE FUND

The Constitution sets up a national revenue fund. All money raised by the national government must go into this fund, for example, taxes, fines and donations. Parliament and provincial governments get their money from this Fund.

THE FINANCIAL AND FISCAL COMMISSION

This commission is an independent body whose job it is to advise and make recommendations to any level of government about how to spend their money. It can also give advice about how much money should go to provincial and local governments.

HOW TAXES ARE BUDGETED

The government gets taxes and levies from people who work (income tax), from companies and from VAT (the tax that people pay on goods that they buy). This money goes into the national revenue fund. The minister of finance and the finance department prepare the national budget for the country which says how the money in the national revenue fund will be allocated.