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 Form 4 History and Government Paper 1 Exam Sample Questions and Answers

Discuss the importance of budget preparation by the government.

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Answer Text:
-To enable the government prioritise its needs.
-In order to identify the sources of funds/revenue.
-Enables the government to approve expenditure
-Allows the government to estimate the financial requirement for its needs
-Gives useful information which may help keep track of the government expenditure.
-Enables the government account for funds borrowed or donated.