Downloaded from TVET lite or TVET Exam Papers tvetpapers.co za NyNATED.co.za step higher education ey & training Department: 4 )y Higher Education and Training nw, REPUBLIC OF SOUTH AFRICA MARKING GUIDELINE NATIONAL CERTIFICATE PUBLIC FINANCE N5 17 June 2025 This marking guideline consists of 6 pages. Search for TVET lite or MyNATED uitradeep.co.za : twatpapers.co.za Downloaded from TVET Nated, MyNATED or Nated Litetvetpapers.co.za UltraDeep.co.za MyNATED.co.za THANK YOU FOR DOWNLOADING THIS PAST EXAM PAPER/MEMO, WE HOPE IT WILL BE OF HELP TO YOU These are the only apps affiliated with tvetpapers.co.za Download Papers from tvetpapers.co.za or MyNATED.co.z: These are some of our apps (visit tvetpapers.co.za) SSX SOUTH AFRICA ee ree * ‘tvetpapers.co.za yaaa GEES of Q- SOUTH AFRICA foe SOUTH AFRICA 2 ; REGS cer ation Papers ston Papers a 7 jeg Study Gules emai spepe> Study Gulges nate CIES ert eer ere AppGallery Pa Bea tse Start your TVET journey with the best apps to help you achieve the best results in your exams. Our apps and websites cater for Nated and NCV students P Google Play TVET Papers Ultra-Deep™ Study after Matric = Uttra-Deep Multimedia Start your TVET journey = does web and mobile ‘with the Best site for abp development. We TVET students “4 ‘aim to help students Wetpapers.co.za UltraDeep.co.za Click on the banner above to visit tvetpapers.co.za or UltraDeep.co.za Copyright © 2024 - 2025 Ultra-Deep Multimedia - All Rights ReservedDownloaded from TVET lite or TVET Exam Papers + * HYBE setmrercoze : MwaTeDcoz SAP MARKING GUIDELINE “2 PUBLIC FINANCE NS; SECTION A QUESTION 1 14 Bem ouawna 3s eunm0N>n000 (102) (20) True False False False True False True False False False BOBUDHAONS RERBRRAARK 3 (10% 2) (20) bo bow bo QaRONS oam>00 (x2) (10) TOTAL SECTIONA: 50 Copyright reserved Please tum over Fea wtssencoze Uta Deep” ‘vetpapors.co.za i Downloaded from TVET Nated, MyNATED or Nated LiteDownloaded from TVET lite or TVET Exam Papers tvetpapers.co za NyNATED.co.za MARKING GUIDELINE 3. PUBLIC FINANCE NS; SECTION B QUESTION 2 24 22 23 24 + A statement of intent: reflecting the ideology of the ruling party. vv * A work programme:y it should indicate how that department intends providing services.v~ * A source of information:Y exactly which and how many services will be provided. Previous budgets serve also as a record.v¥ * A means of promoting accountability:” the budget is often used as a reference when mismanagement accountability occurs or is suspected. v ¥ * An instrument of control:” departments can gauge how much or how little to spend on any programme.¥ ¥ (1 mark for statement and 2 marks for explanation) (Any 43) (12) Education/training Health Housing Social security Human research Sports/recreation Cultural (Any5%1) (5) It is the bank of the national government of South Africa Controls the national revenue fund Funds the exchequer Issues bank notes and coins Controls money supply Protects the value of the South African currency Monitors activities of other banks and financial institutions Controls money supply Custodian of the country's reserve Controls foreign exchange reserves held in a country Lends money to other commercial banks (Any5*2) (10) It works well in small communities only It makes people anxious. The wishes of the minority are always ignored. General agreement between parties is not possible. Itis expensive and time-consuming. Anything below 50% + 1% are not acceptable People experience pressure towards conformity. (Any5*2) (10) Copyright reserved Please tum over uutradeep.co.za era twatpapors.co.za Downloaded from TVET Nated, MyNATED or Nated LiteDownloaded from TVET lite or TVET Exam Papers tvetpapers.co za NyNATED.co.za MARKING GUIDELINE -4- PUBLIC FINANCE NS; 25 Income tax (personal income tax) Airport tax Value-added tax Tax on intemational trade transactions Tax on profits Excise duty Customs duty ‘Ad valorem tax Fringe benefits tax Interest on dividends (Any 5x4) 26 26.1» Renting of usage rights. * Acting as an agent of the company's product. (2x2) 2.6.2» Allowing private individuals to supply services. + Itcan be done in the form of tenders. (2*2) QUESTION 3 3.1 © Responsibility” — who is allowed to collect, keep and spend the money.” ¥ * Objective — what need is satisfied when the money is spent.v v + ltemv — the resource that was purchased.v ¥ (33) 3.2 3.2.1 These funds have conditions attached to them, and they must not be used for any other purposes than what they were initially intended for. 3.2.2 * Variable/unlimited conditional grants Fixed/limited conditional grants (2*2) 3.2.3 © Variable/unlimited conditional grants — these grants change and are difficult to budget for.v¥ ‘+ Fixedilimited conditional grants — these grants are fixed and easy to budget for and are used to supply collective services.v ¥ (22) 33 They provide financial advice and guidance. vv Implement financial policies. vv Assist in preparing budget estimates. vv Help to allocate resources to various programs. vv Prepare and submit financial reports. vv Monitor and control expenditure. vv Ensure compliance with approved budgets. vv" Ensure adequate funds for departmental operations. vv" (Any 5 * 2) Copyright reserved Please tum over (5) (4) (4) [50] (9) (2) (4) (4) (10) Fea wtssen ze Uta Deep” twatpapors.co.za i Downloaded from TVET Nated, MyNATED or Nated LiteDownloaded from TVET lite or TVET Exam Papers tvetpapers.co za MARKING GUIDELINE 5. 3.4 3.5 3.6 37 PUBLIC FINANCE NS. NyNATED.co.za * Promoting trade with foreign countries through official visits and trade conferences Creating job opportunities Importing substitutions Exporting promotions Majority decision making * Consensus decision making * Unemployment insurance * Pensions * Job creation Loan ~ requires repayment of the money borrowed Grant is a gift and is not repayable QUESTION 4 44 42 Securing an increase in the gross domestic product Assisting new entrepreneurs for commercial development (Any 5 « 2) (2«2) (2% 2) 4.4.1 Itisimproperv and careless professional behaviour”Y (2 2) 442 Bribes Misuse of resources Steal money Incorrect procedures being followed Increased spending and waste Officials who have a negative attitude Corrupt officials Control of interest rates Control of exchange rate Manipulation of money supply Rate at which people borrow money Copyright reserved uutradeep.co.za Utva-Deep™ Not taking care of the equipment and stock Credit controV/increasing and decreasing of the interest rate (Any 5 x 2) (5x2) Please tum over twatpapors.co.za Downloaded from TVET Nated, MyNATED or Nated Lite (10) (4) (3) (4) [50] (4) (10) (10)tvetpapers.co za MARKING GUIDELINE 43 4.3.1 43.2 44 Downloaded from TVET lite or TVET Exam Papers | 6. PUBLIC FINANCE NS; The process of transferring government ownership to private ‘ownership. Denationalisation: taking away industry from the government. ¥ * Contracting out” allowing private individuals to supply services.¥ * Deregulation: taking away legal/monetary obstacles so that an industry has no protection against competition from others. v * Depoliicisation:¥ divorcing or separating important services from party politics.¥ * Commercialising:¥ removing these services from the national budget and compelling private enterprises to stand on their own.” * Withdrawal or suspension:Y withdrawing or suspending public services that have become redundant or those where the benefits do not justify what they cost.¥ (6 x 2) Personnel services Resource supply services Accounting services Financial services Auditing services, Legal advisory services Organisation and work study (Any 5 x 2) 45 This system allows people to elect representatives who adopt laws and make decisions on their behalf. Copyright reserved TOTAL SECTION B: GRAND TOTAL: Utva-Deep™ (2) (12) (10) (2) [50] 150 200 twatpapers.co.za uutradeep.co.za Downloaded from TVET Nated, MyNATED or Nated Lite wae te