Statement of the national and provincial governments’ revenue, expenditure and national borrowing as at 31 October 2015
The following statements of revenue, expenditure and borrowing are published in terms of Section 32 of the Public Finance Management Act of 1999 and Section 31(2) of the Division of Revenue Act No 1 of 2015.
Extraordinary receipts and payments which were previously published in Table 3 are now brought into the budget framework in line with global standards, in particular the International Monetary Fund’s Government Finance Statistics Manual 2001 and are now referred to as National Revenue Fund receipts and payments (refer to Annexure W2 of the 2014 Budget Review). Detailed information on these transactions is provided in Table 5.
The figures of Revenue, Expenditure and Borrowing are as per the Budget Review tabled in Parliament in February 2015. These figures will be updated once the New Development Bank Special Appropriation Bill and the Adjustments Appropriation Bill have been signed by the President.
National government revenue and expenditure are detailed in Tables 1 and 2, respectively.
Revenue and expenditure for the fiscal year to date are also expressed as a percentage of the 2015/16 budget for the current year and audited outcome for 2014/15. The tables below indicate revenue and expenditure for the reporting month, together with comparable figures for the previous year.
|
Revenue |
|||
|
Fiscal Year |
October |
Year to date |
% of Budget estimate/ |
|
R million |
|
|
Audited outcome |
|
2015/16 |
66 314 |
551 926 |
51.5 |
|
2014/15 |
57 046 |
491 844 |
51.3 |
|
Expenditure |
|||
|
Fiscal Year |
October |
Year to date |
% of Budget estimate/ |
|
R million |
|
|
Audited outcome |
|
2015/16 |
92 862 |
699 647 |
56.2 |
|
2014/15 |
86 342 |
638 179 |
56.4 |
|
Expenditure as per economic classification |
|||||
|
Description |
October |
Year to date |
October |
Year to date |
October |
|
R million |
2015 |
2015/16 |
2014 |
2014/15 |
Per cent 1) |
|
Voted funds |
|||||
|
Current payments |
17 034 |
109 043 |
15 907 |
99 857 |
7.1 |
|
Transfers and subsidies |
37 845 |
269 743 |
34 624 |
247 451 |
9.3 |
|
Payments for capital assets |
1 805 |
6 554 |
1 334 |
5 949 |
35.3 |
|
Payments for financial assets |
1 118 |
12 237 |
1 070 |
2 135 |
- |
|
Total voted funds |
57 802 |
397 576 |
52 936 |
355 392 |
9.2 |
|
Direct charges |
|||||
|
Current payments |
1 733 |
65 798 |
2 035 |
60 325 |
(14.9) |
|
Transfers and subsidies |
33 158 |
235 591 |
31 370 |
222 462 |
5.7 |
|
Payments for financial assets |
169 |
682 |
- |
- |
- |
|
Total direct charges |
35 060 |
302 071 |
33 406 |
282 787 |
5.0 |
|
|
|
|
|
|
|
|
Total expenditure |
92 862 |
699 647 |
86 342 |
638 179 |
7.6 |
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 |
October |
Year to date |
October |
Year to date |
|
R million |
2015 |
2015/16 |
2014 |
2014/15 |
|
Domestic short-term loans |
1 925 |
34 052 |
1 094 |
29 924 |
|
Domestic long-term loans |
16 535 |
80 811 |
19 596 |
94 403 |
|
Foreign loans |
(1 502) |
(3 349) |
(1 334) |
8 985 |
|
Change in cash and other balances 1) |
9 590 |
36 206 |
9 939 |
13 023 |
|
Total financing (net) |
26 549 |
147 721 |
29 295 |
146 335 |
1) A positive/negative change indicates a reduction/increase in cash balances
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 the South African Revenue Service.
Tables 1-5 are available on the website of the National Treasury.
For the attached tables in Excel format, contact Ms P Dhlame at 012 315 5496.
