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

Notices

Statement of National Revenue, Expenditure and Borrowing as at 31 August 2020

Notice No. 521 of 2020

 

Notice No. 521

30 September 2020

GG 43745

National Treasury

 

The statement of actual revenue, expenditure and borrowings with regard to the National Revenue Fund as at the end of August 2020/2021 financial 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 2020

 

R thousand

Table

2020/21

2019/20

Revised Estimate

August

Year to date

Preliminary outcome

August

Year to date


 

 

 

 

 

 

Revenue

1

1,099,513,647

101,855,149

404,457,749

1,343,559,183

117,932,466

509,668,989

 

 

 

 

 

 

 

Expenditure

2

1,809,175,080

165,528,942

728,482,910

1,689,832,415

150,772,273

699,077,286

 

 

 

 

 

 

 

Appropriation by vote

2

987,653,947

82,985,001

397,714,059

943,831,322

71,020,894

374,454,954

 

 

 

 

 

 

 

Direct charges against the NRF

2

804,731,807

82,543,941

330,768,851

746,001,093

79,751,379

324,622,332

Debt-service costs

 

236,444,437

32,588,390

95,572,195

204,769,350

27,624,060

83,019,193

Provincial equitable share

 

538,471,528

44,872,627

224,363,135

505,553,753

42,129,480

210,647,410

General fuel levy sharing with metropolitan municipalities

 

14,026,878

4,675,628

4,675,628

13,166,793

4,388,928

4,388,928

Eskom - payment in terms of Section 16(1) of the PFMA

 

-

-

-

-

-

13,500,000

South African Airways and Denel - payments in terms of Section 16(1)(b) of the Appropriation act 2019

 

-

-

-

-

3,800,000

3,800,000

Skill Levy and SETAs

 

11,290,516

92,107

4,458,437

18,283,843

1,443,945

7,281,127

Other costs

 

4,498,448

315,189

1,699,456

4,227,354

364,966

1,985,674

 

 

 

 

 

 

 

 

Provisional allocation for contingencies not assigned to votes

 

7,021,000

-

-

-

-

-

Provisional allocation for Eskom restructuring

 

23,000,000

-

-

-

-

-

Provisional allocation for COVID-19 fiscal relief package

 

19,575,326

-

-

-

-

-

Compensation of employees adjustment

 

(37,807,000)

-

-

-

-

-

 

 

 

 

 

 

 

 

Contingency reserve

 

5,000,000

-

-

-

-

-

 

 

 

 

 

 

 

 

Main budget balance

 

(709,661,433)

(63,673,793)

(324,025,161)

(346,273,233)

(32,839,807)

(189,408,297)

 

 

 

 

 

 

 

 

Financing of the net borrowing requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic short-term loans (net)

3

146,000,000

( 5 974 831)

85 590 881

36,077,502

10,613,091

81,110,822

 

 

 

 

 

 

 

 

Domestic long-term loans (net)

3

410,035,000

37 229 982

214 722 554

286,021,581

28,165,310

113,688,070

 

 

 

 

 

 

 

 

Foreign loans (net)

3

110,568,000

-

72,502,233

24,823,043

-

(25,875,834)

 

 

 

 

 

 

 

 

Change in cash and other balances 1

3

43,058,433

32 418 642

(48 790 507)

(648,893)

(5,938,594)

20,485,239

 

 

 

 

 

 

 

 

Total financing (net)

 

709,661,433

63 673 793

324 025 161

346,273,233

32,839,807

189,408,297

1) 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.