Page 11 - Estimates of Public Entities Revenue & Expenditure 2023

PROVINCE OF THE EASTERN CAPE ESTIMATES OF PUBLIC ENTITIES REVENUE AND EXPENDITURE 2023/24

Expenditure

Table C: Summary of actual and projected expenditure

Main Adjusted Revised % change
Audited Outcome Medium-term receipts estimate
appropriation appropriation estimate from
R thousand 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2022/23
Expenses 4 816 - - - - - - - -
Current expense 2 012 279 2 005 099 2 157 821 2 201 874 2 379 013 2 353 556 2 577 378 2 483 001 2 602 482 9.5

Compensation of employees 976 313 994 585 1 027 052 1 097 062 1 089 925 1 088 864 1 194 095 1 230 755 1 286 791 9.7

Goods and services 1 027 999 996 846 1 130 543 1 103 515 1 289 015 1 264 602 1 382 348 1 250 650 1 313 364 9.3

Interest on rent and land 7 966 13 669 226 1 297 73 90 935 1 596 2 327 938.9
Transfers and subsidies 149 191 111 531 68 980 130 547 158 778 158 778 225 250 296 058 302 638 41.9
Payments for capital assets 1 113 873 824 162 807 704 351 135 387 498 327 801 581 168 696 469 908 030 77.3
Payments for financial assets 5 130 5 510 4 339 34 073 34 073 34 073 33 000 4 000 4 179 (3.1)

Total expenses 3 280 473 2 946 302 3 038 844 2 717 629 2 959 362 2 874 208 3 416 796 3 479 528 3 817 329 18.9

E01 IDZ: East London Industrial Development Zone (Pty) Ltd (ELIDZ) 1 116 893 651 642 488 632 599 393 575 640 575 640 557 768 478 585 510 940 (3.1)
E02 ECD: Eastern Cape Development Corporation (ECDC) 352 945 398 302 454 236 476 289 610 085 610 085 754 777 413 492 432 014 23.7
E03 PAC: Eastern Cape Provincial Arts and Culture Council (ECPACC) 18 068 21 377 13 482 11 680 32 640 32 640 11 705 11 715 12 240 (64.1)
E04 GBB: Eastern Cape Gambling and Betting Board (ECGBB) 74 511 73 076 73 912 85 065 88 037 94 189 88 305 89 732 93 755 (6.2)
E05 ELB: Eastern cape Liquor Board (ECLB) 63 070 68 083 73 008 75 060 75 185 75 185 100 328 81 844 84 689 33.4
E06 PTA: Eastern Cape Parks and Tourism Board (ECPTA) 291 036 263 914 354 997 356 606 421 487 336 543 333 110 346 595 352 825 (1.0)
E07 RDA: Eastern Cape Rural Development Agency(ECRDA) 298 836 273 810 252 364 201 944 230 175 230 175 249 136 371 164 381 299 8.2
E08 SEC: Eastern Cape Socio Economic Consultative Council (ECSECC) 46 435 55 596 74 423 72 929 85 216 85 216 80 919 84 059 87 780 (5.0)
E09 CDC: Coega Development Corporation (CDC) 834 083 983 022 1 073 723 673 111 673 649 667 287 1 060 000 1 415 298 1 666 361 58.9

E10 MTC: Mayibuye Transport Corporation (MTC) 184 597 157 480 180 067 165 552 167 248 167 248 180 747 187 044 195 426 8.1

Total Revenue and estimates 3 280 473 2 946 302 3 038 844 2 717 629 2 959 362 2 874 208 3 416 796 3 479 528 3 817 329 18.9
Table C above shows a summary of payments and projected expenditure from the 2019/20 to the
2025/26 financial years. Total expenditure decreased from R3.280 billion in 2019/20 to a revised
estimate of R2.874 billion in 2022/23 due to decrease in payments for capital assets and financial
assets. In 2023/24, total expenditure is projected to increase to R3.416 billion due to a projected
increase in payments for capital assets, goods and services and transfers and subsidies. Over the

2023 MTEF, total expenditure is projected to increase to R3.479 billion in 2024/25 and R3.817 billion
by 2025/26.

Expenditure on Compensation of Employees increased from R976.313 million in 2019/20 to revised

estimate of R1.088 billion in 2022/23. In 2023/24, the compensation of employees is projected to
increase by 9.7 per cent to R1.194 billion. Over the 2023 MTEF, the compensation of employees is
projected to increase to R1.286 billion by 2025/26.

Expenditure on Goods and Services includes all operational expenditure incurred in the carrying out

of mandated activities. Expenditure on Goods and Services increased from R1.027 billion in 2019/20
to a revised estimate of R1.264 billion in 2022/23. In 2023/24, the expenditure on Goods and Services
is projected to increase by 9.3 per cent to R1.382 billion and increase to R1.313 billion by 2025/26

financial year.

Transfers and subsidies decreased from R149.191 million in 2019/20 to a revised estimate R158.778
million in 2022/23. In 2023/24, the transfers and subsidies are projected to increase by 41.9 per cent
to R225.250 million and over the 2023 MTEF, transfers and subsidies are projected to further increase

to R302.368 million by 2025/26 mainly due to allocation provided by DRDAR through ECRDA for the

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