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Graad 8 Assignment 1 2018memo

The document is a Grade 8 memorandum for Economic and Management Sciences focusing on the national budget, detailing sources of government revenue, expenditure calculations, and the significance of social grants. It includes specific questions and answers regarding budget allocations, the role of education, and social allowances in South Africa. Key figures such as the Minister of Finance and the number of social grant recipients are also mentioned.

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Clinton Louw
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8 views3 pages

Graad 8 Assignment 1 2018memo

The document is a Grade 8 memorandum for Economic and Management Sciences focusing on the national budget, detailing sources of government revenue, expenditure calculations, and the significance of social grants. It includes specific questions and answers regarding budget allocations, the role of education, and social allowances in South Africa. Key figures such as the Minister of Finance and the number of social grant recipients are also mentioned.

Uploaded by

Clinton Louw
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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1

CONCORDIA HIGH SCHOOL

ECONOMIC AND MANAGEMENT SCIENCES

GRADE 8 MEMORANDUM

DATA RESPONSE
MARCH 2018 TERM 1 30 MARKS
SUBJECT: NATIONAL BUDGET
USE THE INFORMATION ON PAGE 1 TO ANSWER QUESTIONS 1-5 .

1. Where does the government get money to spend? List FOUR sources

of revenue.

Personal income tax 

VAT

Provinces

Customs and excise duties

Fuel Levies

Corporate Income tax

other  any 4

2. Which source of income contributes the most to the national budget?

Personal income tax 

3. Which source of income contributes the least to the national budget?

other 

4. What is the impact of fuel on the price of products?

Prices expensive / rise 

5. The correct name for sin tax is excise duty 

6. Calculate the total expenditure for the budget year


2

R259.4bn + R180.1bn + R351.1bn + R200.1bn + R200.8bn + R196.3bn + R205.4bn +

R64bn = R1657.2bn

7. Why is social grants such an important expenditure of the national government?

Provide TWO reasons.

Poverty alleviation

Improved education and health outcomes

Supporting households to attain some minimum standard of living 

Improve local economic development in the areas where the poor live 

Any relevant answer. Max 2 x 2

8. Which department receives the biggest share of the budget? Why do you think do that

department get the biggest share of the budget?

EDUCATION AND CULTURE

 Responsible for basic education

 Technical skills

 Skills Development

 Education Admin 

 University subsidies

Any 1 reason

9. Name the Minister of Finance that presented the budget to the parliament.

Malusi Gigaba 

10. R22.8 billion is appropriated for the NSFAS. What does the abbreviation NSFAS stand for

and what is used for?

National Student Financial Aid Scheme

Funding of Tertiary Education

11. How much increase the price of a pack of cigarettes?


3

R1.22

12. How many South Africans receive social grants in 2020?

18.1 million 

13. Age and disability from the social allowances paid to South African citizens. Name any other

social allowance be paid.

Child support

Foster Care Grant 

Allowance for veterans 

Care Dependency Grant 

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