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

Notices

Statement of National Revenue, Expenditure and Borrowings

2026 Statements

Statement of National Revenue, Expenditure and Borrowing as at 31 May 2026

General Notice No. 3993 of 2026
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General Notice No. 3993

30 June 2026

GG 54920

National Treasury

 

The statement of actual revenue, expenditure and borrowings with regard to the National Revenue Fund as at the end of May 2026/2027 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 May 2026

 

R thousand

Table

2026/27

2025/26

Revised

estimate

May

Year to date

Preliminary

outcome

May

Year to date



 

 

 

 

 

 

Revenue1

1

2 082 003 100

 

146 532 470

264 079 563

1 994 341 543

136 957 399

241 429 628

 

 

 

 

 

 

 

Expenditure1

2

2 383 252 766

161 152 088

342 266 008

2 325 290 946

147 072 249

316 174 867

 

 

 

 

 

 

 

Appropriation by vote

2

1 214 088 031

93 065 811

204 409 572

1 184 344 771

84 571 348

188 000 654

 

 

 

 

 

 

 

 

Direct charges against the NRF

2

1 162 834 547

68 086 277

137 856 436

1 140 946 175

62 500 901

128 174 213

Debt-service costs

 

432 448 720

6 105 420

15 106 424

417 892 325

6 389 370

16 135 267

Provincial equitable share

 

670 322 736

58 541 955

114 402 184

649 339 142

52 763 829

105 527 658

General fuel levy sharing with metropolitan municipalities

 

17 530 026

-

-

16 849 080

-

-

Public-sector-related pension, post-retirement medical and other benefits

 

8 541 453

701 221

1 387 678

8 006 513

665 852

1 290 726

Skill Levy and SETAs

 

27 657 285

2 242 070

4 611 889

25 575 720

2 115 627

4 249 331

Other costs

 

6 334 327

495 611

2 348 261

13 164 804

566 223

971 231

Guarantees, indeminities and securities:Payment to the South African Reserve Bank

 

-

-

-

118 590

-

-

Section 16 payment to the Central Energy Fund (Mineral and Petroleum Resources)

 

-

 

 

10 000 000

 

-

Provisional allocation not appropriated

 

1 322 155

-

-

-

-

-

Contingency reserve

 

5 008 033

-

-

-

-

-

Main budget balance

 

(301 249 666)

(14 619 618)

(78 186 446)

(330 949 404)

(10 114 850)

(74 745 239)

 

 

 

 

 

 

 

 

Redemptions

4

(134 753 362)

(792 161)

(21 792 611)

(159 181 213)

(945 747)

(12 554 634)

 

 

 

 

 

 

 

 

Eskom debt-relief arrangement2

4

(53 734 707)

-

-

(80 000 000)

-

-

 

 

 

 

 

 

 

 

GFECRA settlement (net)3

4

56 000 000

-

-

25 000 000

-

-

 

 

 

 

 

 

 

 

Gross borrowing requirement

 

(380 003 028)

(15 411 779)

(99 979 057)

(545 130 617)

(11 060 597)

(87 299 873)

 

 

 

 

 

 

 

 

Financing of the net borrowing requirement

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic short-term loans (net)

3

26 900 000

2 000 000

4 197 851

39 551 871

2 358 981

6 964 863

 

 

 

 

 

 

 

 

Domestic long-term loans (gross)

3

242 500 000

24 870 367

44 406 359

390 583 351

37 306 412

74 348 138

 

 

 

 

 

 

 

 

Foreign loans (gross)

3

53 734 707

-

3 864 380

103 917 277

-

-

 

 

 

 

 

 

 

 

Change in cash and other balances4

3

56 868 321

(11 458 588)

47 510 467

11 078 118

(28 604 796)

5 986 872

 

 

 

 

 

 

 

 

Total financing (gross)

 

380 003 028

15 411 779

99 979 057

545 130 617

11 060 597

87 299 873
1) The Gold and Foreign Exchange Contingency Reservce Account (GFECRA) cash receipt and requisition of cash recorded in Table 4 is not included in revenue and expenditure as the budget position presents the net of the cash flows related to balance sheet transactions. These transactions are recorded as part of Changes of cash and other balances.
2) Loan advance by National Treasury to Eskom in terms of the Eskom Debt Relief Act, 2023 (Act No.7 of 2023).
3) The Gold and Foreign Exchange Contingency Reserve Account Defrayal Amendment Act, Act No 27 of 2024 refers.
4) 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.