The net change in the stock of cash from the national and provincial extra-budgetary accounts and funds amounted to a cash deficit of R9 983 million for the 2023/2024 fiscal year.

This statistical release provides information on the sources and uses of cash of extra-budgetary accounts and funds for the fiscal years 2022/2023 and 2023/2024, classified economically and functionally. The net change in the stock of cash from the national and provincial extra-budgetary accounts and funds amounted to a cash deficit of R9 983 million for the 2023/2024 fiscal year.

1.     Major influences

The major contributors to the cash deficit amount of R9 983 million net change in the stock of cash for extra-budgetary accounts and funds for the fiscal year 2023/2024 where the revenue cash flows from operating activities amounted to R412 489 million and the expense cash flows amounted to R332 006 million, resulting in a net cash inflow from operating activities of R80 483 million for the 2023/2024 fiscal year ended 31 March 2024. The net cash outflow from transactions in non-financial assets amounted to R47 334 million for the 2023/2024 fiscal year. The net acquisition of financial assets other than cash amounted to a cash outflow of R30 116 million for the 2023/2024 fiscal year. The net incurrence of liabilities amounted to R13 016 million, resulting in a net cash outflow of R43 132 million from financing activities for the 2023/2024 fiscal year. The total net change in the stock of cash of the extra-budgetary account and funds amounted to a net cash deficit of R9 983 million (See Table A, p.5 of the statistical release).

The largest contributor to the total expenditure cash flows for operating activities and purchases of non-financial assets (functionally classified) of R379 557 million from the national and provincial extra-budgetary accounts and funds for the 2023/2024 fiscal year was economic affairs (R122 307 million or 32,2%), followed by social protection (R85 474 million or 22,5%), general public services (R59 072 million or 15,6%), education (R47 934 million or 12,6%), health (R20 457 million or 5,4%) and housing and community amenities (R19 141 million or 5,0%). The smallest contributors were recreation, culture and religion (R8 163 million or 2,2%), environmental protection (R7 711 million or 2,0%), public order and safety (R7 681 million or 2,0%) and defence (R1 618 million or 0,4%) (See Table C, p. 11 and Figure 2, p. 12 of the statistical release).