- Bureaucrat: An official in a government department
- Central national government: Concerned with national issues, e.g. safety and security
- Non-excludability: everyone can use them, irrespective if they are prepared to pay a price
- Non-rivalry: the use by one does not exclude the use by another person.
- Merit goods: Goods and services whose provision has benefits for the user (private) and for society, e.g. education
- MTBPS (Medium Term Budget Policy Statement): delivered by Minister of Finance in the last week of October; informs Parliament of any changes in the economy that occurred since February
- MTEF (Medium Term Expenditure Framework): Estimates income and expenditure for a three-year period
- SOE (State Owned Enterprises): A business owned wholly or partly by the state and run by a public authority, e. g. Eskom and SAA