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Question 2: (25 Marks) In the Budget Review 2021 we find, amongst others, the following data: Estimated Revenue for the fiscal year R1520.4 billion Estimated

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Question 2: (25 Marks) In the Budget Review 2021 we find, amongst others, the following data: Estimated Revenue for the fiscal year R1520.4 billion Estimated Non-interest expenditure for the year R1750.7 billion X Y Estimated interest on the public debt for the year R269.7 billion Z 2.1 What name should be inserted in Position X for the figure in Position Y? (0.5 marks) 2.2 What is the amount in Position Y? (0.5 marks) 2.3 When you consider your answers to 2.1 and 2.2 and compare it with the figure in Position Z, it indicates some of the circumstances which the National Treasury must bear in mind with regard to the objectives of the management of the public debt such as the financial credibility of the Fiscus. Why do these figures make it difficult for the national Treasury to give effect this objective? (4 marks) 2.4 The financial credibility of the Fiscus is supported DIRECTLY by one of the other three objectives of managing the public debt. Name that objective and then explain how it can be achieved in support of the financial credibility of the Fiscus

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