In this activity you will need to match column B with column A. The notes you made on the legal framework of government's functions and operations will come in handy in completing this activity. Monetary policy Stabilisation policy Open market operations Inflation targeting ✓ Fiscal policy ✓ Cash reserve requirements ✓ Subsidies Government policy The Constitution Act of 1996 Public Finance Management Act 1 of 1999 Personal income tax (PIT) Value-added tax Excise duties Integrated Residential Development Program (RDP) Fiscal incidence analysis A. The reserve bank is obliged to pursue monetary measures aimed at maintaining inflation in the agreed target range, meaning the value of the currency needs to be protected B. This program is based on the development of integrated housing projects. It provides for the acquisition of land, servicing of stands for a variety of land uses including commercial, recreational, schools and clinics, as well as residential stands for low, middle and high income groups. The land use and income group mix is based on local planning and needs assessment however it is not explicitly targeted to the poor C. Direct government intervention in private sector business practices. These are used to contain prices, particularly whenever a product is regarded as essential to the economy and the consumer, or is in the national interest D. The most important Act controlling financial management in government departments. It was passed to regulate financial management in the national government and provincial governments; to ensure that all revenue, expenditure, assets and liabilities of (that government is) those governments are managed efficiently and effectively; to provide for the responsibilities of persons entrusted with financial management in (that government) those governments; and to provide for matters connected therewith
In this activity you will need to match column B with column A. The notes you made on the legal framework of government's functions and operations will come in handy in completing this activity. Monetary policy Stabilisation policy Open market operations Inflation targeting ✓ Fiscal policy ✓ Cash reserve requirements ✓ Subsidies Government policy The Constitution Act of 1996 Public Finance Management Act 1 of 1999 Personal income tax (PIT) Value-added tax Excise duties Integrated Residential Development Program (RDP) Fiscal incidence analysis A. The reserve bank is obliged to pursue monetary measures aimed at maintaining inflation in the agreed target range, meaning the value of the currency needs to be protected B. This program is based on the development of integrated housing projects. It provides for the acquisition of land, servicing of stands for a variety of land uses including commercial, recreational, schools and clinics, as well as residential stands for low, middle and high income groups. The land use and income group mix is based on local planning and needs assessment however it is not explicitly targeted to the poor C. Direct government intervention in private sector business practices. These are used to contain prices, particularly whenever a product is regarded as essential to the economy and the consumer, or is in the national interest D. The most important Act controlling financial management in government departments. It was passed to regulate financial management in the national government and provincial governments; to ensure that all revenue, expenditure, assets and liabilities of (that government is) those governments are managed efficiently and effectively; to provide for the responsibilities of persons entrusted with financial management in (that government) those governments; and to provide for matters connected therewith
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Transcribed Image Text:In this activity you will need to match column B with column A. The notes you made on the legal framework of government's functions and
operations will come in handy in completing this activity.
Monetary policy
Stabilisation policy
Open market operations
Inflation targeting
✓ Fiscal policy
✓ Cash reserve requirements
✓ Subsidies
Government policy
The Constitution Act of 1996
Public Finance Management Act 1 of 1999
Personal income tax (PIT)
Value-added tax
Excise duties
Integrated Residential Development Program (RDP)
Fiscal incidence analysis
A. The reserve bank is obliged to pursue monetary measures
aimed at maintaining inflation in the agreed target range,
meaning the value of the currency needs to be protected
B. This program is based on the development of integrated
housing projects. It provides for the acquisition of land,
servicing of stands for a variety of land uses including
commercial, recreational, schools and clinics, as well as
residential stands for low, middle and high income groups.
The land use and income group mix is based on local
planning and needs assessment however it is not explicitly
targeted to the poor
C. Direct government intervention in private sector business
practices. These are used to contain prices, particularly
whenever a product is regarded as essential to the
economy and the consumer, or is in the national interest
D. The most important Act controlling financial management
in government departments. It was passed to regulate
financial management in the national government and
provincial governments; to ensure that all revenue,
expenditure, assets and liabilities of (that government is)
those governments are managed efficiently and effectively;
to provide for the responsibilities of persons entrusted
with financial management in (that government) those
governments; and to provide for matters connected
therewith
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