Public Finance Management Act, 1999 (Act No. 1 of 1999)

Notices

Statement of National Revenue, Expenditure and Borrowings as at 31 July 2023

Notice No. 1997 of 2023
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Notice No. 1997

30 August 2023

GG 49214

 

National Treasury

 

The statement of actual revenue, expenditure and borrowings with regard to the National Revenue Fund as at the end of July 2023/2024 fiscal year is hereby published in terms of section 32(1) of the Public Finance Management Act, 1999.

Detailed information is available on the website of the National Treasury at www.treasury.gov.za click the Communications & Media link - Press Releases - Monthly Press Releases

 

Summary table of national revenue, expenditure and borrowing for the month ended 31 July 2023

 

R thousand

Table

2023/24

2022/23

Budget

estimate

July

Year to date

Preliminary

outcome

July

Year to date



 

 

 

 

 

 

Revenue

1

1 759 228 847

87 715 216

493 820 876

1 697 510 712

86 135 375

510 121 078

 

 

 

 

 

 

 

Expenditure

2

2 034 580 060

231 476 639

684 902 104

2 007 497 476

215 658 163

628 145 121

 

 

 

 

 

 

 

Appropriation by vote

2

1 077 437 771

126 256 726

379 375 683

1 087 441 608

120 451 030

352 087 372

 

 

 

 

 

 

 

Direct charges against the NRF

2

950 637 631

105 219 913

305 526 422

920 055 868

95 207 133

276 057 750

Debt-service costs

 

340 460 294

53 473 999

98 160 384

308 457 393

46 420 658

82 293 819

Provincial equitable share

 

567 527 713

49 434 821

198 370 286

570 868 206

46 729 733

186 918 932

General fuel levy sharing with metropolitan municipalities

 

15 433 498

-

-

15 334 823

-

-

Skill Levy and SETAs

 

23 026 959

1 830 191

7 376 704

20 808 849

1 612 402

5 163 484

Other costs

 

4 189 167

480 902

1 619 048

4 275 068

439 148

1 676 323

Payments in terms of Section 70 of the PFMA

 

-

-

-

311 529

5 192

5 192

Denel (Public Enterprises)

 

-

-

-

200 659

5 192

5 192

Land and Agriculture Development Bank of South Africa

 

-

-

-

110 870

-

-

Provisional and allocations not assigned to votes

 

1 504 658

-

-

-

-

-

Contingency reserve

 

5 000 000

-

-

-

-

-

 

 

 

 

 

 

 

 

Main budget balance

 

(275 351 213)

(143 761 422)

(191 081 229)

(309 986 764)

(129 522 788)

(118 024 044)

 

 

 

 

 

 

 

 

Redemptions

4

(162 232 000)

(900 554)

(3 264 957)

(90 324 040)

(496 510)

(17 573 363)

 

 

 

 

 

 

 

 

Eskom debt-relief arrangement1

4

(78 000 000)

-

-

-

-

-

 

 

 

 

 

 

 

 

Gross borrowing requirement

 

(515 583 213)

(144 661 976)

(194 346 186)

(400 310 804)

(130 019 298)

(135 597 407)

 

 

 

 

 

 

 

 

Financing of the net borrowing requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic short-term loans (net)

3

48 000 000

5 240 013

24 769 612

(25 577 428)

2 072 474

5 877 864

 

 

 

 

 

 

 

 

Domestic long-term loans (net)

3

329 900 000

26 026 939

114 627 237

322 419 979

46 213 358

116 742 327

 

 

 

 

 

 

 

 

Foreign loans (net)

3

44 360 000

-

9 468 200

64 465 588

-

46 626 420

 

 

 

 

 

 

 

 

Change in cash and other balances 2

3

93 323 213

113 395 024

45 481 137

39 002 665

81 733 466

(33 649 204)

 

 

 

 

 

 

 

 

Total financing (gross)

 

515 583 213

144 661 976

194 346 186

400 310 804

130 019 298

135 597 407

1) Loan advance by National Treasury to Eskom In terms of the Eskom Debt Relief Act, 2023 (Act No.7 of 2023).

2) A negative value indicates an increase in cash and other balances. A positive value indicates that cash is used to finance part of the borrowing requirement.