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Question 1:
The various criteria for evaluating a revenue measure or system are:
Required:
(a) Give a full explanation of each criteria.
(b) What is your favourite revenue measure? Why?
Question 2:
‘The budgeting process in low income countries tends to reflect historical trends rather than current priorities. The Medium Term Expenditure Framework (MTEF) is intended to overcome this.'
(a) Describe how the ‘Medium Term Expenditure Framework' is different to the current system of expenditure management in Mauritius.
(b) Show the factors that may make the implementation of MTEF difficult?
(c) Outline five benefits of MTEF that have been claimed.
A w ard of contract In previous sub section you learnt in what situations you can negotiate. Now let us discuss the procedure for awarding the contract. Below are the step
(a) Find the nominal rate of interest j compounded quarterly which is equivalent to a 5% e ective rate of interest. (b) Which one will deliver a higher future value on a deposit
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