PUB4870 POE 20226
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE
REPORT IS NOT PREPARED NOR APPROVED BY UNISA, RATHER
REPRESENTS A POSSIBLE SOLUTION TO THE TASK CONSISTENT WITH
THEORY OF PUB4870. THIS REPORT IS INTENDED TO ASSIST STUDENTS IN
GETTING STARTED WITH THEIR ASSIGNMENT, AND IN NO CASE THIS
DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE THIS WILL BE A
GOOD STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF
PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT
WAS PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY
EXISTING THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE
AUTHORS HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE
MODIFICATION OF THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT
BE PROHIBITED AS IT CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR
ANY FURTHER GUIDELINE ABOUT THE INFORMATION CONTAINED HERE AND
THE MODULE IN GENERAL, CONTACT PASSMATE TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC,
QMI, MNMs, MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION
PREPARATION, RESEARCH AND RESEARCH PROPOSALS, DISSERTATION
EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS
INSTITUTIONS INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON,
STADIO, OLG, UJ, UP etc
For any enquiries the following numbers can be used for calling, sms, whatsapp
and telegram
CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513
144 or email
,PUB4870 POE 20226
Contents
Section A: Budget Integration and Fiscal Policies ...................................................... 3
Section B: Financial Planning and Multi-Term Expenditure ........................................ 6
Section C: Budgeting Priorities and Allocations ........................................................ 10
Section D: Budget Analysis ...................................................................................... 15
References ............................................................................................................... 22
, PUB4870 POE 20226
Section A: Budget Integration and Fiscal Policies
1.1 Define budget integration and explain its significance in public financial
management.
Conceptualising Budget Integration in Public Financial Management
Budget integration is an important stage of the PFM cycle, which generally occurs after
the initial planning and estimation but before the formal legislative clearance, as
gathered by Pilbeam (2023). Conceptually, budget integration is described as the
systematic process of compiling the various planning documents coming from all
individual spending agencies into one coherent document. This integration is
necessary for shifting the focus of the budget from the inherent, micro-level technical
aspects of departmental goals to the external characteristics related to the aggregated
financial impact on the state.
Extrinsic Analytical Function
The underlying importance of integrating the budget fundamentally lies in its ability to
do macro-fiscal analysis, which enables the National Treasury to gauge the aggregate
economic impact of projected expenditure (Rakshit & Neog, 2022). It allows
determining the ultimate compounded financial implications of all spending agencies
and thus sets up the aggregate demand on the national or provincial exchequer.
Importantly, the integrated budget presents a view of the whole of government financial
liabilities, be they short, medium, or longer-term, that is different from the simple sum
of its parts.
This extensive review gives the National Treasury the necessary capacity to put into
perspective fine details of departmental spending aims with high-level national public
spending priorities and the current government macroeconomic policy setting,
National Treasury, South Africa, 2020. Integration allows for an assessment of whether
the multi-layered political and economic needs are adequately tackled and remain
within set economic thresholds. For example, integration demands consideration of
non-departmental charges on the exchequer, like interests from the repayment of
loans. It also acts as a tool of analysis for addressing fundamental growth issues like
controlling economic growth, the adjustment of savings and investment, and the
reduction of unemployment levels.
DISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE
REPORT IS NOT PREPARED NOR APPROVED BY UNISA, RATHER
REPRESENTS A POSSIBLE SOLUTION TO THE TASK CONSISTENT WITH
THEORY OF PUB4870. THIS REPORT IS INTENDED TO ASSIST STUDENTS IN
GETTING STARTED WITH THEIR ASSIGNMENT, AND IN NO CASE THIS
DOCUMENT SHOULD BE USED FOR CHEATING. WE BELIEVE THIS WILL BE A
GOOD STARTING POINT AS IT WAS PREPARED BY OUR TEAM OF
PROFESSIONAL PRIVATE TUTORS WHO ARE EXPERTS IN THE FIELD, AND IT
WAS PREPARED USING VARIOUS SOURCES. ANY SIMILARITY WITH ANY
EXISTING THEORY OR DISCUSSION BY OTHER AUTHORS IS EXCUSED. THE
AUTHORS HOWEVER DO NOT CLAIM MONOPOLY TO KNOWLEDGE HENCE
MODIFICATION OF THE ANSWERS CONTAINED IN THIS FRAMEWORK MAY NOT
BE PROHIBITED AS IT CONTRIBUTES TO EXPANSION OF KNOWLEDGE. FOR
ANY FURTHER GUIDELINE ABOUT THE INFORMATION CONTAINED HERE AND
THE MODULE IN GENERAL, CONTACT PASSMATE TUTORIALS.
WE ASSIST WITH OTHER MODULES INCLUDING:
ECSs, FACs, MACs, MNGs, INTs, TRLs, HMEMS, PRMs, PROs, MNBs, DSC,
QMI, MNMs, MNO, MNPs, FIN, PUBs, MNMs, RESEARCH among others.
WE OFFER CLASSES, ASSIGNMENT GUIDELINES, EXAMINATION
PREPARATION, RESEARCH AND RESEARCH PROPOSALS, DISSERTATION
EDITING etc.
OTHER THAN UNISA, WE ALSO ASSIST STUDENTS AT VARIOUS
INSTITUTIONS INCLUDING MANCOSA, REGENT, REGEYNESES, BOSTON,
STADIO, OLG, UJ, UP etc
For any enquiries the following numbers can be used for calling, sms, whatsapp
and telegram
CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513
144 or email
,PUB4870 POE 20226
Contents
Section A: Budget Integration and Fiscal Policies ...................................................... 3
Section B: Financial Planning and Multi-Term Expenditure ........................................ 6
Section C: Budgeting Priorities and Allocations ........................................................ 10
Section D: Budget Analysis ...................................................................................... 15
References ............................................................................................................... 22
, PUB4870 POE 20226
Section A: Budget Integration and Fiscal Policies
1.1 Define budget integration and explain its significance in public financial
management.
Conceptualising Budget Integration in Public Financial Management
Budget integration is an important stage of the PFM cycle, which generally occurs after
the initial planning and estimation but before the formal legislative clearance, as
gathered by Pilbeam (2023). Conceptually, budget integration is described as the
systematic process of compiling the various planning documents coming from all
individual spending agencies into one coherent document. This integration is
necessary for shifting the focus of the budget from the inherent, micro-level technical
aspects of departmental goals to the external characteristics related to the aggregated
financial impact on the state.
Extrinsic Analytical Function
The underlying importance of integrating the budget fundamentally lies in its ability to
do macro-fiscal analysis, which enables the National Treasury to gauge the aggregate
economic impact of projected expenditure (Rakshit & Neog, 2022). It allows
determining the ultimate compounded financial implications of all spending agencies
and thus sets up the aggregate demand on the national or provincial exchequer.
Importantly, the integrated budget presents a view of the whole of government financial
liabilities, be they short, medium, or longer-term, that is different from the simple sum
of its parts.
This extensive review gives the National Treasury the necessary capacity to put into
perspective fine details of departmental spending aims with high-level national public
spending priorities and the current government macroeconomic policy setting,
National Treasury, South Africa, 2020. Integration allows for an assessment of whether
the multi-layered political and economic needs are adequately tackled and remain
within set economic thresholds. For example, integration demands consideration of
non-departmental charges on the exchequer, like interests from the repayment of
loans. It also acts as a tool of analysis for addressing fundamental growth issues like
controlling economic growth, the adjustment of savings and investment, and the
reduction of unemployment levels.
