Division of Revenue Act, 2010 (Act No. 1 of 2010)Chapter 2 : Equitable Share Allocations6. Shortfalls, excess revenue and additional allocations |
| 1) | If actual revenue raised nationally in respect of the financial year falls short of the anticipated revenue set out in Schedule 1, the national government bears the shortfall. |
| 2) | If actual revenue raised nationally in respect of the financial year exceeds the anticipated revenue set out in Schedule 1, the excess accrues to the national government, subject to subsection (3), to be used to reduce borrowing or pay debt as part of its share of revenue raised nationally, in addition to its share in Column A of Schedule 1. |
| 3) | The national government may— |
| a) | appropriate a portion of its equitable share or excess revenue contemplated in subsection (2) to make further allocations in an adjustments budget to— |
| i) | national departments; or |
| ii) | provinces or municipalities, as a conditional or an unconditional allocation; |
| b) | increase a conditional allocation to a province or municipality through a virement under section 43 of the Public Finance Management Act or section 28(2)(d) of the Municipal Finance Management Act, as the case may be; and |
| c) | authorise expenditure in accordance with section 25. |