Public Finance Management Act, 1999 (Act No. 1 of 1999)NoticesStatement of National Revenue, Expenditure and Borrowings2025 StatementsStatement of National Revenue, Expenditure and Borrowings as at 31 August 2025Notice No. 6691 of 2025 |
Notice No. 6691
30 September 2025
GG 53449
National Treasury
The statement of actual revenue, expenditure and borrowings with regard to the National Revenue Fund as at the end of August 2025/2026 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 August 2025
R thousand |
Table |
2025/26 |
2024/25 |
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Budget estimate |
August |
Year to date |
Preliminary outcome |
August |
Year to date |
||
|
|
|
|
|
|
||
Revenue1 |
1 |
1 949 408 686
|
177 323 444 |
742 071 293 |
1 807 360 085 |
161 369 135 |
669 266 767 |
|
|
|
|
|
|
|
|
Expenditure1 |
2 |
2 310 729 739 |
215 669 082 |
957 261 784 |
2 144 100 680 |
200 767 537 |
920 885 840 |
|
|
|
|
|
|
|
|
Appropriation by vote |
2 |
1 172 207 412 |
102 591 426 |
511 039 321 |
1 110 697 986 |
95 094 839 |
500 881 726 |
|
|
|
|
|
|
|
|
Direct charges against the NRF |
2 |
1 114 810 583 |
113 077 656 |
446 222 463 |
1 033 402 694 |
105 672 698 |
420 004 114 |
Debt-service costs |
|
426 345 611 |
50 397 457 |
159 070 252 |
385 822 134 |
47 728 957 |
152 191 169 |
Provincial equitable share |
|
633 165 959 |
52 763 829 |
263 819 145 |
600 475 640 |
50 039 636 |
250 198 180 |
General fuel levy sharing with metropolitan municipalities |
|
16 849 080 |
5 616 360 |
5 616 360 |
16 126 608 |
5 375 535 |
5 375 535 |
Public-sector-related pension, post-retirement medical and other benefits |
|
7 900 704 |
650 655 |
3 243 897 |
- |
- |
- |
Skill Levy and SETAs |
|
26 005 953 |
2 090 281 |
10 453 313 |
24 137 413 |
1 885 437 |
9 791 968 |
Other costs |
|
4 543 276 |
1 559 074 |
4 019 496 |
6 840 899 |
643 133 |
2 447 262 |
Provisional allocation not assigned to votes |
|
18 711 744 |
- |
- |
- |
- |
- |
Contingency reserve |
|
5 000 000 |
- |
- |
- |
- |
- |
Main budget balance |
|
(361 321 053) |
(38 345 639) |
(215 190 491) |
(336 740 596) |
(39 398 403) |
(251 619 073) |
|
|
|
|
|
|
|
|
Redemptions |
4 |
(171 705 154) |
(481 932) |
(23 277 157) |
(98 619 787) |
(396 649) |
(22 777 308) |
|
|
|
|
|
|
|
|
Eskom debt-relief arrangement2 |
4 |
(80 223 000) |
- |
- |
(64 000 000) |
- |
(8 000 000) |
|
|
|
|
|
|
|
|
GFECRA settlement (net)3 |
4 |
25 000 000 |
- |
- |
100 000 000 |
20 000 000 |
100 000 000 |
|
|
|
|
|
|
|
|
Gross borrowing requirement |
|
(588 249 207) |
(38 827 571) |
(238 467 648) |
(399 360 383) |
(19 795 052) |
(182 396 381) |
|
|
|
|
|
|
|
|
Financing of the net borrowing requirement |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Domestic short-term loans (net) |
3 |
37 162 000 |
3 254 204 |
22 571 032 |
39 508 235 |
3 442 043 |
18 473 180 |
|
|
|
|
|
|
|
|
Domestic long-term loans (gross) |
3 |
345 300 000 |
37 820 529 |
190 519 075 |
347 744 297 |
30 826 957 |
141 171 483 |
|
|
|
|
|
|
|
|
Foreign loans (gross) |
3 |
98 873 872 |
10 334 981 |
37 428 281 |
67 356 714 |
- |
- |
|
|
|
|
|
|
|
|
Change in cash and other balances4 |
3 |
106 913 335 |
(12 582 143) |
(12 050 740) |
(55 248 864) |
(14 473 948) |
22 751 719 |
|
|
|
|
|
|
|
|
Total financing (gross) |
|
588 249 207 |
38 827 571 |
238 467 648 |
399 360 383 |
19 795 052 |
182 396 381 |
| 1) | The GFECRA cash receipt and requisition of cash recorded in Table 4 is not included in revenue and expenditure as the budget position presents the net of the cash flows related to balance sheet transactions. These transactions are recorded as part of Changes of cash and other balances. |
| 2) | Loan advance by National Treasury to Eskom in terms of the Eskom Debt Relief Act, 2023 (Act No.7 of 2023). |
| 3) | The Gold and Foreign Exchange Contingency Reserve Account Defrayal Amendment Act, Act No 27 of 2024 refers. In 2024/25, the Reserve Bank will pay R200 billion to government in partial settlement of the GFECRA balances. Of this amount government paid the Reserve Bank R100 billion towards the Reserve Banks contingency reserve requirements, as a direct charge against the National Revenue Fund. The balance of the GEFECRA receipt is recorded on the balance sheet as a reduction in the financing requirement of R100 billion. |
| 4) | 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. |