The purpose of the modern budget is not to create a citizenry begging for favours at the master’s gate. The new vision is to turn the citizen into a master of his life – to own property and capital.THE National Budget is not just about numbers. It is a document of vision which communicates the economic development agenda and priorities of the government in office. Numbers on their own would be pointless, mundane and predictable. It is the ability to give meaning to numbers that makes the budget a living document for a period. This is why national budgets necessarily have a theme, so that the numbers are anchored on a vision intended to drive the country forward. A national budget generally has two sides – estimates of revenue (otherwise called government income) and proposed expenditure. In simple terms, one part explains where and how revenue is created while the other explains where and how that […]
THE NATIONAL BUDGET: BEYOND THE NUMBERS
