The National Budget of South Africa is the annual financial plan presented by the Minister of Finance to Parliament. It outlines how the government expects to raise revenue and how that money will be allocated across departments and programs for the coming financial year. The budget is built on national priorities set through medium term planning. Revenue comes mainly from taxes, including personal income tax, corporate income tax, and value added tax. Spending areas include education, health, social development, and economic development. The National Treasury prepares the budget and monitors its implementation throughout the year.