Including the Unemployment Insurance Fund, the Mines and Works Compensation Fund, and the Workmen’s Compensation Fund.
Including universities, technikons, museums, parks boards, libraries, research councils, the National Road Fund, the Legal Aid Board, the Special Defense Account, and the Atomic Energy Corporation. Independent accounting arrangements outside the State Revenue Account exist for these institutions.
Extraordinary receipts include sales of oil stocks and privatization receipts by the national government, and extraordinary expenditure includes transfers to the Reserve Bank Gold and Foreign Exchange Contingency Reserve Account or transfers to government pension funds (see below, in the section on National Government).
National government data for 1996/97 and 1997/98 are still preliminary and subject to change.
As mentioned in Section I, however, all nine provinces and the national government moved to the same centralized personnel management system, PERSAL in 1997/98.
See 1997 Selected Issues (SM/97/162) for a description of the new intergovernmental structure.
Some provinces made provisions in their 1998/99 budgets to repay the full amount of the overdrafts—for example, Gauteng’s overdraft was scheduled to be repaid in the first month of the new fiscal year—while others are only likely to be able to eliminate their overdraft balances over a number of years, given the size of their overdrafts and the need to reform structurally unsound finances.
This consisted of R7.3 billion in transfers to the Government Service Pension Fund in order to raise its actuarial funding level and to help finance early retirements under a package offered to public workers; and R7.5 billion in transfers to the Gold and Foreign Exchange Contingency Reserve Account of the Reserve Bank in order to cover Reserve Bank losses incurred on forward exchange market operations over a number of years. Similar transfers to the Contingency Reserve Account of R3.8 billion and R3.1 billion were made in 1992/93 and 1995/96, respectively.
In the 1998/99 budget, the national government provided for a special conditional transfer of R3 billion to four provinces that have large central hospitals in order to cover the cost of the services these hospitals provide to the region and the nation as a whole.
The constitution (section 228) provides for taxing authority on the part of the provinces. The national government is awaiting a report from the Katz Commission (see Section V) on provincial taxation issues, after which it will prepare draft legislation on the subject.
Revenue and expenditure pertaining to the actual purchase and sale of utility services are not included in the fiscal tables since these do not represent government functions under the GFS framework.
See Table 3 in Section II for a list of the most important enterprises.