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

Notices

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

Notice No. 2207 of 2023
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Notice No. 2207

30 November 2023

GG 49790

 

National Treasury

 

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

 

R thousand

Table

2023/24

2022/23

Budget

estimate

October

Year to date

Audited*

outcome

October

Year to date



 

 

 

 

 

 

Revenue

1

1 714 845 974

110 058 955

893 214 841

1 699 218 534

105 123 000

889 732 217

 

 

 

 

 

 

 

Expenditure

2

2 044 928 372

151 288 635

1 187 453 791

2 009 156 766

145 687 983

1 094 279 256

 

 

 

 

 

 

 

Appropriation by vote

2

1 077 437 771

90 291 466

637 710 857

1 088 182 405

90 426 120

593 046 778

 

 

 

 

 

 

 

Direct charges against the NRF

2

950 637 631

60 997 169

549 742 936

920 974 361

55 261 863

501 232 478

Debt-service costs

 

340 460 294

9 194 418

181 739 657

308 459 149

6 483 835

154 276 929

Provincial equitable share

 

567 527 713

49 434 821

346 674 749

570 868 206

46 729 733

327 108 131

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

1 864 651

12 812 148

20 808 849

1 719 424

11 869 586

Other costs

 

4 189 167

503 279

2 869 880

4 409 503

328 871

2 665 566

Payments in terms of Section 70 of the PFMA

 

-

-

502 003

1 093 830

-

200 659

Denel (Public Enterprises)

 

-

-

-

204 700

-

200 659

Land and Agriculture Development Bank of South Africa

 

-

-

502 003-

889 130

-

-

MTBPS Adjustment

 

19 792 753

-

-

-

-

-

Contingency reserve

 

357 517

-

-

-

-

-

National government projected underspending

 

(797 300)

-

-

 

-

-

Local government repayment to the National Revenue Fund

 

(2 500 000)

-

-

 

-

-

Main budget balance

 

(330 082 398)

(41 229 679)

(294 238 950)

(309 938 232)

(40 564 983)

(204 547 039)

 

 

 

 

 

 

 

 

Redemptions

4

(155 515 000)

(10 243 189)

(14 228 315)

(90 324 040)

(692 919)

(19 543 085)

 

 

 

 

 

 

 

 

Eskom debt-relief arrangement1

4

(78 000 000)

(20 000 000)

(36 000 000)

-

-

-

 

 

 

 

 

 

 

 

Gross borrowing requirement

 

(563 597 398)

(71 472 868)

(344 467 265)

(400 262 272)

(41 257 902)

(224 090 124)

 

 

 

 

 

 

 

 

Financing of the net borrowing requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic short-term loans (net)

3

48 000 000

12 243 009

65 191 235

(25 577 428)

(7 686 538)

(11 432 973)

 

 

 

 

 

 

 

 

Domestic long-term loans (gross)

3

375 800 354

21 238 717

188 934 099

322 419 979

29 353 694

209 826 025

 

 

 

 

 

 

 

 

Foreign loans (gross)

3

45 875 000

-

9 468 200

64 465 588

-

53 417 101

 

 

 

 

 

 

 

 

Change in cash and other balances 2

3

93 922 044

37 991 142

80 873 731

38 954 133

19 590 746

(27 720 029)

 

 

 

 

 

 

 

 

Total financing (gross)

 

563 597 398

71 472 868

344 467 265

400 262 272

41 257 902

224 090 124

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.

*) Audited outcome except for Debt-service costs.