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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 August 2024

Notice No. 2765 of 2024

 

Notice No. 2765

30 September 2024

GG 51318

 

National Treasury

 

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

 

R thousand

Table

2024/25

2023/24

Budget

estimate

August

Year to date

Preliminary

outcome

August

Year to date



 

 

 

 

 

 

Revenue3

 

1 815 020 326

181 369 135

769 266 767

1 722 481 645

150 931 307

645 747 738

 

 

 

 

 

 

 

Expenditure3

 

2 135 966 695

200 767 537

920 885 840

2 046 873 080

198 048 434

882 950 540

 

 

 

 

 

 

 

Appropriation by vote

2

1 102 797 941

95 094 839

500 881 726

1 062 069 287

98 586 081

477 961 764

 

 

 

 

 

 

 

Direct charges against the NRF

2

1 027 598 529

105 672 698

420 004 114

984 803 794

99 462 353

404 988 776

Debt-service costs

 

382 182 875

47 728 957

152 191 169

356 109 896

42 766 336

140 926 720

Provincial equitable share

 

600 475 640

50 039 636

250 198 180

585 085 919

49 434 821

247 805 107

General fuel levy sharing with metropolitan municipalities

 

16 126 608

5 375 535

5 375 535

15 433 498

5 144 499

5 144 499

Skill Levy and SETAs

 

24 500 269

1 885 436

9 791 968

22 424 464

1 788 130

9 164 834

Other costs

 

4 313 137

643 132

2 447 262

5 248 015

328 567

1 947 616

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)

(19 398 402)

(151 619 073)

(324 391 435)

(47 117 127)

(237 202 802)

 

 

 

 

 

 

 

 

Redemptions

4

(172 568 000)

(396 649)

(22 777 308)

(144 394 798)

(380 700)

(3 645 657)

 

 

 

 

 

 

 

 

Eskom debt-relief arrangement1

4

(64 154 000)

-

(8 000 000)

(76 000 000)

(16 000 000)

(16 000 000)

 

 

 

 

 

 

 

 

GFECRA settlement (net)3

4

100 000 000

20 000 000

100 000 000

-

-

-

 

 

 

 

 

 

 

 

Gross borrowing requirement

 

(457 668 369)

204 948

(82 396 381)

(544 786 233)

(63 497 827)

(256 848 459)

 

 

 

 

 

 

 

 

Financing of the net borrowing requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic short-term loans (net)

3

33 000 000

3 442 043

18 473 180

88 744 698

29 037 471

53 807 083

 

 

 

 

 

 

 

 

Domestic long-term loans (gross)

3

328 100 000

30 826 957

141 171 483

336 238 898

27 770 216

142 399 642

 

 

 

 

 

 

 

 

Foreign loans (gross)

3

36 700 000

-

-

45 662 970

-

9 468 200

 

 

 

 

 

 

 

 

Change in cash and other balances2

3

59 868 369

(34 473 948)

(77 248 281)

74 139 667

6 690 140

51 173 534

 

 

 

 

 

 

 

 

Total financing (gross)

 

457 668 369

(204 948)

82 396 381

544 786 233

63 497 827

256 848 459
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) 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. The net movement of this transaction, amounting to R100 billion, is reflected against GFECRA settlement.