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

Notices

Statement of National Revenue, Expenditure and Borrowings as at 30 September 2023

Notice No. 2111 of 2023
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Notice No. 2111

30 October 2023

GG 49585

 

National Treasury

 

The statement of actual revenue, expenditure and borrowings with regard to the National Revenue Fund as at the end of September 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 30 September 2023

 

R thousand

Table

2023/24

2022/23

Budget

estimate

September

Year to date

Audited*

outcome

September

Year to date



 

 

 

 

 

 

Revenue

1

1 759 228 847

138 621 156

783 155 885

1 697 510 955

135 850 869

784 609 216

 

 

 

 

 

 

 

Expenditure

2

2 034 580 060

153 214 619

1 036 165 157

2 009 156 766

139 143 564

948 591 273

 

 

 

 

 

 

 

Appropriation by vote

2

1 077 437 771

69 457 627

547 419 391

1 088 182 405

65 273 947

502 620 658

 

 

 

 

 

 

 

Direct charges against the NRF

2

950 637 631

83 756 992

488 745 767

920 974 361

73 869 617

445 970 615

Debt-service costs

 

340 460 294

31 618 519

172 545 239

308 459 149

24 956 108

147 793 094

Provincial equitable share

 

567 527 713

49 434 821

297 239 928

570 868 206

46 729 733

280 378 398

General fuel levy sharing with metropolitan municipalities

 

15 433 498

-

5 144 499

15 334 823

-

5 111 607

Skill Levy and SETAs

 

23 026 959

1 782 663

10 947 497

20 808 849

1 666 735

10 150 162

Other costs

 

4 189 167

418 986

2 366 601

4 409 503

321 574

2 336 695

Payments in terms of Section 70 of the PFMA

 

-

502 003

502 003

1 093 830

195 467

200 659

Denel (Public Enterprises)

 

-

-

-

204 700

195 467

200 659

Land and Agriculture Development Bank of South Africa

 

-

502 003

502 003

889 130

-

-

Provisional and allocations not assigned to votes

 

1 504 658

-

-

-

-

-

Contingency reserve

 

5 000 000

-

-

-

-

-

 

 

 

 

 

 

 

 

Main budget balance

 

(275 351 213)

(14 593 463)

(253 009 271)

(311 645 810)

(3 292 695)

(163 982 056)

 

 

 

 

 

 

 

 

Redemptions

4

(162 232 000)

(339 469)

(3 985 126)

(90 324 040)

(474 068)

(18 850 166)

 

 

 

 

 

 

 

 

Eskom debt-relief arrangement1

4

(78 000 000)

-

(16 000 000)

-

-

-

 

 

 

 

 

 

 

 

Gross borrowing requirement

 

(515 583 213)

(14 932 932)

(272 994 397)

(401 969 850)

(3 766 763)

(182 832 222)

 

 

 

 

 

 

 

 

Financing of the net borrowing requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic short-term loans (net)

3

48 000 000

(858 857)

52 948 226

(25 577 428)

(6 180 235)

(3 746 435)

 

 

 

 

 

 

 

 

Domestic long-term loans (net)

3

329 900 000

25 295 740

167 695 382

322 419 979

33 549 403

180 472 331

 

 

 

 

 

 

 

 

Foreign loans (net)

3

44 360 000

-

9 468 200

64 465 588

6 790 681

53 417 101

 

 

 

 

 

 

 

 

Change in cash and other balances 2

3

93 323 213

(9 503 951)

42 882 589

40 661 711

(30 393 086)

(47 310 775)

 

 

 

 

 

 

 

 

Total financing (gross)

 

515 583 213

14 932 932

272 994 397

401 969 850

3 766 763

182 832 222

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.

*) Audite outcome except for Debt-service costs.