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

Notices

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

Notice No. 2293 of 2024

 

Notice No. 2293

30 January 2024

GG 50054

 

National Treasury

 

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

 

R thousand

Table

2023/24

2022/23

Budget

estimate

October

Year to date

Audited*

outcome

December

Year to date



 

 

 

 

 

 

Revenue

1

1 714 845 974

212 038 696

1 225 562 280

1 699 218 534

228 225 490

1 226 210 480

 

 

 

 

 

 

 

Expenditure

2

2 044 928 372

192 572 611

1 518 141 946

2 009 156 766

183 254 912

1 409 307 129

 

 

 

 

 

 

 

Appropriation by vote

2

1 065 041 658

103 255 996

821 217 473

1 088 182 405

98 873 545

771 553 161

 

 

 

 

 

 

 

Direct charges against the NRF

2

982 826 497

89 316 615

696 924 474

920 974 361

84 381 367

637 753 968

Debt-service costs

 

354 516 064

32 343 987

220 350 643

308 459 149

30 525 325

188 174 113

Provincial equitable share

 

585 085 919

49 434 821

445 544 391

570 868 206

46 729 733

420 567 597

General fuel levy sharing with metropolitan municipalities

 

15 433 498

5 144 499

10 288 998

15 334 823

5 111 607

10 223 214

Skill Levy and SETAs

 

22 712 959

1 934 051

16 567 793

20 808 849

1 700 134

15 288 026

Other costs

 

4 576 057

459 257

3 670 646

4 409 503

314 568

3 300 359

Payments in terms of Section 70 of the PFMA

 

502 000

-

502 003

1 093 830

-

200 659

Denel (Public Enterprises)

 

-

-

-

204 700

-

200 659

Land and Agriculture Development Bank of South Africa

 

502 000

-

502 003-

889 130

-

-

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)

19 466 085

(292 579 667)

(309 938 232)

44 970 578

(183 096 649)

 

 

 

 

 

 

 

 

Redemptions

4

(155 515 000)

(90 989 542)

(105 845 933)

(90 324 040)

(545 821)

(20 909 792)

 

 

 

 

 

 

 

 

Eskom debt-relief arrangement1

4

(78 000 000)

(8 000 000)

(44 000 000)

-

-

-

 

 

 

 

 

 

 

 

Gross borrowing requirement

 

(563 597 398)

(79 523 457)

(442 425 600)

(400 262 272)

44 424 757

(204 006 441)

 

 

 

 

 

 

 

 

Financing of the net borrowing requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic short-term loans (net)

3

48 000 000

11 339 345

94 750 753

(25 577 428)

(4 357 236)

(25 604 707)

 

 

 

 

 

 

 

 

Domestic long-term loans (gross)

3

375 800 354

24 539 516

260 881 582

322 419 979

15 257 648

255 919 159

 

 

 

 

 

 

 

 

Foreign loans (gross)

3

45 875 000

5 517 480

14 985 680

64 465 588

5 451 574

58 868 675

 

 

 

 

 

 

 

 

Change in cash and other balances 2

3

93 922 044

38 127 116

71 807 585

38 954 133

(60 776 743)

(85 176 686)

 

 

 

 

 

 

 

 

Total financing (gross)

 

563 597 398

79 523 457

442 425 600

400 262 272

(44 424 757)

204 006 441

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.