Issued by the Director-General: National Treasury
30 January 2001
The attached statements of national revenue, expenditure and borrowing are issued in accordance with the requirements of Section 32 of the Public Finance Management Act.
The summary schedule includes information on the revenue and expenditure recorded in the general ledgers of the National Government. A schedule containing cash flow information comparable with the previously published “Information on the course of budget 2000/01” is included as schedule 5 of this release.
The information on the Budget has been updated to provide details of revenue, expenditure and borrowing taking into account the Adjustment Estimate tabled in Parliament in October 2000. The provincial tables have been updated to include the additional allocations to provinces voted in the national adjustments estimate in order to give a true reflection of the provincial revenue position. These amounts will only be allocated to the provincial departments once provinces have tabled their adjustments estimates. National revenue is detailed in schedule 1. Total revenue amounts to R21,129 billion for the month of December and R152,260 billion for the first nine months of the year, which is 71,7 per cent of revised budgeted revenue for the year.
Expenditure against the National Revenue Fund is set out in schedule 2. Total expenditure for the month of December includes voted amounts of R8,010 billion and statutory payments of R10,724 billion. For the year to date, expenditure of voted allocations amounts to R66,460 billion and statutory payments amount to R100,904 billion. Expenditure for the period April to December 2000 amounted to R167,393 billion which is 71,2 per cent of revised budgeted expenditure for the year.
Schedule 3 contains information on extraordinary receipts and payments not included as revenue and expenditure. Schedule 4 sets out financing for the month of December and year to date. Net domestic short term borrowing for December decreased by R904,200 million, while net domestic short term borrowing for the year to date amounts to R10,900 billion.
Net domestic long term loans for the month amount to R1,210 billion while net domestic long term loans amount to R1,764 billion for the year to date. In total net foreign loans for the month amount to R134,535 million and R1,934 billion for the year to date.
In December cash and other balances increased by R2,835 billion, resulting in a net increase of R1,606 billion for the year to date.
Net borrowing for the month resulted in negative financing of R2,395 billion. Net borrowing for the year to date amounts to R12,992 billion. A cash flow schedule for the Exchequer Account is included as Schedule 5, summarising exchequer receipts and departmental requisitions for the National Revenue Fund. These flows differ from the actual receipts and outlays in schedules 1 and 2, mainly because of timing differences between the cash book transactions of departments and South African Revenue Service, reflected in schedules 1 and 2, and the Exchequer Account cash flows.
A statement on the revenue funds of each of the nine provinces is included. Care should be taken when using the national and provincial information, as timing differences in recording transfers between the different spheres could result in the incorrect consolidation of revenue and expenditure information. The information on provincial revenue funds is supplied by heads of the relevant provincial treasury.