QUESTION $2$

$[35$ MARKS$]$

The main function of the National Revenue Fund $($NRF$)$ is ultimately to ensure the $$improvement of the quality of life of all citizens and free the potential of each person$,$ according to the Constitution of the Republic of South Africa, $1996.$

$2\mathrm{.}1$

Using the relevant sections of the Constitution and the Public Finance Management Act, $1$ of $1999,$ clearly describe and critically discuss, in your own words, the origin and functions of the National Revenue Fund.