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

Notices

Statement of National Revenue, Expenditure and Borrowings as at 31 May 2024

Notice No. 2608 of 2024
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Notice No. 2608

28 June 2024

GG 50885

 

National Treasury

 

The statement of actual revenue, expenditure and borrowings with regard to the National Revenue Fund as at the end of May 2024/2025 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 May 2024

 

R thousand

Table

2024/25

2023/24

Budget

estimate

May

Year to date

Preliminary

outcome

May

Year to date



 

 

 

 

 

 

Revenue

1

1 815 020 326

126 581 260

217 178 456

1 722 481 645

118 881 409

204 232 525

 

 

 

 

 

 

 

Expenditure

2

2 135 966 695

139 359 867

308 004 256

2 046 873 080

134 900 520

287 475 662

 

 

 

 

 

 

 

Appropriation by vote

2

1 102 797 941

81 701 779

188 925 663

1 062 069 287

80 609 179

175 179 468

 

 

 

 

 

 

 

Direct charges against the NRF

2

1 027 598 529

57 658 088

119 078 593

984 803 794

54 291 341

112 296 194

Debt-service costs

 

382 182 875

5 197 848

14 209 348

356 109 896

4 813 474

12 614 711

Provincial equitable share

 

600 475 640

50 039 636

100 079 272

585 085 919

47 293 976

95 218 952

General fuel levy sharing with metropolitan municipalities

 

16 126 608

-

-

15 433 498

-

-

Skill Levy and SETAs

 

24 500 269

2 004 202

3 977 999

22 424 464

1 860 757

3 764 078

Other costs

 

4 313 137

416 402

811 974

5 248 014

323 134

698 453

Payments in terms of Section 70 of the PFMA

 

-

-

-

502 003

-

-

Land and Agriculture Development Bank of South Africa

 

-

-

-

502 003

-

-

Provisional allocations not assigned to votes

 

570 225

-

-

 

-

-

Contingency reserve

 

5 000 000

-

-

 

-

-

Main budget balance

 

(320 946 369)

(12 778 607)

(90 825 800)

(324 391 435)

(16 019 111)

(83 243 137)

 

 

 

 

 

 

 

 

Redemptions

4

(172 568 000)

(1 254 261)

(11 772 107)

(144 394 798)

(478 509)

(896 105)

 

 

 

 

 

 

 

 

Eskom debt-relief arrangement1

4

(64 154 000)

-

-

(76 000 000)

-

-

 

 

 

 

 

 

 

 

GFECRA settlement (net)

4

100 000 000

-

-

-

-

 

 

 

 

 

 

 

 

 

Gross borrowing requirement

 

(457 668 369)

(14 032 868)

(102 597 907)

(544 786 233)

(16 497 620)

(84 139 242)

 

 

 

 

 

 

 

 

Financing of the net borrowing requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic short-term loans (net)

3

33 000 000

(13 683 579)

27 403 916

88 744 698

2 857 524

13 180 241

 

 

 

 

 

 

 

 

Domestic long-term loans (gross)

3

328 100 000

26 116 928

52 160 888

336 238 898

31 142 299

61 867 024

 

 

 

 

 

 

 

 

Foreign loans (gross)

3

36 700 000

-

-

45 662 970

-

-

 

 

 

 

 

 

 

 

Change in cash and other balances2

3

59 868 369

1 599 519

23 033 103

74 139 667

(17 502 203)

9 091 977

 

 

 

 

 

 

 

 

Total financing (gross)

 

457 668 369

14 032 868

102 597 907

544 786 233

16 497 620

84 139 242

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.