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

Notices

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

Notice No. 2709 of 2024
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Notice No. 2709

30 August 2024

GG 51141

 

National Treasury

 

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

 

R thousand

Table

2024/25

2023/24

Budget

estimate

July

Year to date

Preliminary

outcome

July

Year to date



 

 

 

 

 

 

Revenue

1

1 815 020 326

169 816 566

587 897 632

1 722 481 645

87 811 083

494 816 430

 

 

 

 

 

 

 

Expenditure

2

2 135 966 695

249 763 545

720 118 302

2 046 873 080

231 476 639

684 902 105

 

 

 

 

 

 

 

Appropriation by vote

2

1 102 797 941

136 646 382

405 786 887

1 062 069 287

126 256 726

379 375 683

 

 

 

 

 

 

 

Direct charges against the NRF

2

1 027 598 529

113 117 163

314 331 415

984 803 794

105 219 913

305 526 422

Debt-service costs

 

382 182 875

60 612 969

104 462 212

356 109 896

53 473 999

98 160 384

Provincial equitable share

 

600 475 640

50 039 636

200 158 544

585 085 919

49 434 821

198 370 286

General fuel levy sharing with metropolitan municipalities

 

16 126 608

-

-

15 433 498

-

-

Skill Levy and SETAs

 

24 500 269

2 034 553

7 906 531

22 424 464

1 830 191

7 376 704

Other costs

 

4 313 137

430 005

1 804 128

5 248 014

480 902

1 619 048

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)

(79 946 979)

(132 220 670)

(324 391 435)

(143 665 556)

(190 085 675)

 

 

 

 

 

 

 

 

Redemptions

4

(172 568 000)

(9 797 677)

(22 380 659)

(144 394 798)

(900 554)

(3 264 957)

 

 

 

 

 

 

 

 

Eskom debt-relief arrangement1

4

(64 154 000)

-

(8 000 000)

(76 000 000)

-

-

 

 

 

 

 

 

 

 

GFECRA settlement (net)

4

100 000 000

80 000 000

80 000 000

-

-

-

 

 

 

 

 

 

 

 

Gross borrowing requirement

 

(457 668 369)

(9 744 656)

(82 601 330)

(544 786 233)

(144 566 110)

(193 350 632)

 

 

 

 

 

 

 

 

Financing of the net borrowing requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic short-term loans (net)

3

33 000 000

4 865 547

15 031 137

88 744 698

5 240 013

24 769 612

 

 

 

 

 

 

 

 

Domestic long-term loans (gross)

3

328 100 000

31 334 968

110 344 526

336 238 898

26 026 939

114 629 426

 

 

 

 

 

 

 

 

Foreign loans (gross)

3

36 700 000

-

-

45 662 970

-

9 468 200

 

 

 

 

 

 

 

 

Change in cash and other balances2

3

59 868 369

(26 455 859)

(42 774 333)

74 139 667

113 299 158

44 483 394

 

 

 

 

 

 

 

 

Total financing (gross)

 

457 668 369

9 744 656

82 601 330

544 786 233

144 566 110

193 350 632
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.
3) In 2024/25, the Reserve Bank will pay R200 billion to government in partial settlement of the GFECRA balances. Of this amount government will pay the Reserve Bank R100 billion towards the contingency reserve. This reflects the net movement.