CHAPTER 10 FINANCE 143. Taxation (1) No tax, duty, levy or imposition may be levied for the purposes of government or any provincial government except under the authority of an Act of Parliament. An Act of Parliament must provide for (2) (a) (b) (c) (d) (e) (f) the equitable division of revenue raised nationally between the national and provincial spheres of government. The determination of each province’s equitable share of the revenue raised from the province. The extent to, and circumstances in, which a provincial government may impose a tax. Limits on borrowings by the State and on the public debt. The mechanisms to be used by Parliament to monitor and control expenditure by the state, including the submission of regular reports to the National Assembly. The equitable, distribution of government expenditure for the fulfillment of the obligations set out in the Bill of Rights which must account for at least half of the national budget. (3) A Province’s equitable share of the revenue raised nationally will be a charge on the Consolidated Revenue Fund. 144. Consolidated Revenue Fund (1) There will be a Consolidated Revenue Fund into, which will be paid all revenues, or other moneys raised for the purpose, or on behalf of the Government. (2) No money may be withdrawn from the Consolidated Revenue Fund except to meet expenditure authorised by this Constitution or by an Act of Parliament or by an Appropriation Bill. (3) Money withdrawn from the Consolidated Revenue Fund must only be paid to the person or authority to whom the payment is due. 145. Estimates of Revenue and Expenditure (1) The Minister responsible for Finance must lay before a joint sitting of Parliament a statement of the estimated receipts and the expenditure of the Government in the next financial year. (2) The statement of estimates must be laid before Parliament in respect of every financial year prior to the commencement of that year. 65