The following statements of revenue, expenditure and borrowing are published in terms of Section 32 of the Public Finance Management Act of 1999.
National government revenue and expenditure are detailed in Tables 1 and 2, respectively. Tables below indicate revenue and expenditure for the reporting month, together with comparable figures for the previous year.
As from the 2017/18 fiscal year, a tax on income and profits for persons and individuals is reflecting a breakdown in Employment Tax Incentive claims.
Revenue and expenditure for the current fiscal year to date is expressed as a percentage of the 2017/18 budget and the previous fiscal year as a percentage of the audited outcome for 2016/17.
|
Revenue |
|||
|
Fiscal Year |
January |
Year to date |
% of Revised estimate/ |
|
R million |
|
|
Audited outcome |
|
2017/18 |
74 199 |
930 301 |
78.0 |
|
2016/17 |
67 420 |
882 341 |
77.6 |
|
Expenditure |
|||
|
Fiscal Year |
January |
Year to date |
% of Revised estimate/ |
|
R million |
|
|
Audited outcome |
|
2017/18 |
115 535 |
1 153 529 |
81.6 |
|
2016/17 |
106 113 |
1 067 492 |
81.8 |
|
Expenditure as per economic classification |
|||
|
Description |
January |
January |
January |
|
R million |
2017 |
2016 |
% 1) |
|
Voted funds |
|||
|
Current payments |
17 891 |
16 288 |
9.8 |
|
Transfers and subsidies |
35 854 |
33 322 |
7.6 |
|
Payments for capital assets |
1 321 |
815 |
62.1 |
|
Payments for financial assets |
1 |
1 |
- |
|
Total voted funds |
55 067 |
50 425 |
9.2 |
|
Direct charges |
|||
|
Current payments |
22 122 |
19 930 |
11.0 |
|
Transfers and subsidies |
38 346 |
35 659 |
7.5 |
|
Payments for financial assets |
|
99 |
- |
|
Total direct charges |
60 468 |
55 688 |
8.6 |
|
|
|
|
|
|
Total expenditure |
115 535 |
106 113 |
8.9 |
|
1) Percentage change month on month |
|||
Table 3 sets out the net financing for the reporting month compared with the preliminary outcome for the same reporting month in the previous year. The following table contains a summary of information relating to total financing (net):
|
Financing |
||
|
Description |
January |
January |
|
R million |
2017 |
2016 |
|
Domestic short-term loans |
44 539 |
6 757 |
|
Domestic long-term loans |
13 687 |
(20 161) |
|
Foreign loans |
- |
(190) |
|
Change in cash and other balances 1 |
(16 891) |
52 286 |
|
Total financing (net) |
41 335 |
38 692 |
|
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 |
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A cash flow schedule for the Exchequer Account is included as Table 4, summarising exchequer revenue to and departmental requisitions from the National Revenue Fund. These flows differ from the actual receipts and outlays in Tables 1 and 2, mainly because of timing differences between the cashbook transactions of departments and SARS.
Tables 1-5 are available on the website of the National Treasury at www.treasury.gov.za click on the Communications and Media link – Press Releases – Monthly Press Releases.
For the attached tables in Microsoft Excel format, contact Ms Millicent Bereda (012) 395 6582 or millicent.bereda@treasury.gov.za.
