The difference between budgeted spending and budgeted revenues. Capital inflow An increase of foreign assets in the country or a reduction in the country's assets abroad. Conditional grants Allocations of money from one sphere of government to another, conditional on certain services being delivered or on compliance with specified requirements. Conditional grants appear as expenditure in the budget of the department making the grant and as revenue of the province or municipality receiving the grant. Consolidated expenditure Total expenditure by national and provincial government, including transfers to municipalities and other extra-budgetary agencies.
Consolidated expenditure includes spending by provinces financed from own revenues.
Consolidated spending is therefore the sum of national and provincial spending, excluding the double counting of transfers from national to provincial government.