In terms of Section 32 of the PFMA, the National Treasury is required to publish a statement of actual revenue, expenditure and borrowing with regard to the National Revenue Fund. This new statement will replace the old statement that was published in the middle of the month. The last cashflow statement in the old format was published on 14 July 2000.
This was the statement on exchequer issues and receipts published on the second Friday of each month. It contained cashflow information and was therefore not in line with the new Public Finance Management Act (PFMA).
The first statement in the new format was published on 2 August 2000 and is available on the National Treasury website, www.treasury.gov.za. As from the end of September only one statement will be produced, containing not only the actual revenue, expenditure and borrowing information, but also a cashflow statement for the previous month.
The new Treasury publication provides a more accurate picture of the budget outcome at the national level, as it reports on actual revenue, expenditure and borrowing of government on a month by month basis. This is a first move by Treasury towards accrual reporting, as this report is based on information in the General Ledgers of government.
Monthly historical information on revenue, expenditure and borrowing will not be published in the new format at this stage. The historical information is available on an annual basis in the statistical tables of the Budget Review document produced by National Treasury. The Budget Review is available on the Treasury website. However, a full history on the cashflow statement is available in the old format.
The new reporting dates are included in the table below and have been posted on the National Treasury website along with this release. The next national revenue, expenditure and borrowing statement will be published in the Government Gazette on 29 September 2000. This statement will also be available on the Treasury website.