Page 28 - Estimates of Public Entities Revenue & Expenditure 2023

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

9. Expenditure Estimates

Table 9.1: 2023/24 Budget and MTEF Estimates

Main Adjusted Revised
Audited outcome Medium-term estimates
appropriation appropriation estimate % change
from
R thousand 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2022/23
Revenue
Tax revenue 198 527 102 138 160 300 218 315 218 315 185 000 229 662 228 839 239 096 24.1
Non-tax revenue 75 439 77 769 76 557 85 065 88 037 88 037 88 305 89 732 93 755 0.3
Sale of goods and services other than capital assets 11 518 10 057 10 719 11 242 11 242 11 242 13 578 14 877 15 546 20.8
Entity revenue other than sales 2 281 1 051 1 367 2 030 2 030 2 030 2 152 2 249 2 350 6.0
Transfers received 58 710 61 350 61 961 70 043 70 043 70 043 70 725 70 756 73 926 1.0
of which: - - - - - - - - -
Departmental transfers 58 710 61 350 61 961 70 043 70 043 70 043 70 725 70 756 73 926 1.0
Other transfers - - - - - - - - -
Sale of capital assets 22 6 9 - - 60 - - - (100.0)
Financial transactions in assets and liabilities - 2 989 - - 2 414 2 354 - - - (100.0)
Other non-tax revenue 2 908 2 316 2 501 1 750 2 308 2 308 1 850 1 850 1 933 (19.8)
Total revenue before deposits into the PRF 273 966 179 907 236 857 303 380 306 352 273 037 317 967 318 571 332 851 16.5
Less Deposits into the Provincial Revenue Fund 198 527 102 138 160 300 218 315 218 315 185 000 229 662 228 839 239 096 24.1
Total revenue 75 439 77 769 76 557 85 065 88 037 88 037 88 305 89 732 93 755 0.3
Expenses - - - - - - - - -
Current expense 70 205 63 098 68 689 79 765 82 737 82 373 83 292 86 533 89 022 1.1
Compensation of employees 46 900 46 991 50 735 54 113 55 292 55 176 59 301 61 517 62 680 7.5
Goods and services 23 305 16 107 17 954 25 652 27 445 27 197 23 991 25 016 26 342 (11.8)
Interest on rent and land - - - - - - - - -
Transfers and subsidies - - - - - - - - -
Payments for capital assets 4 306 9 978 5 223 5 300 5 300 11 816 5 013 3 199 4 733 (57.6)
Payments for financial assets - - - - - - - - -
Total expenses 74 511 73 076 73 912 85 065 88 037 94 189 88 305 89 732 93 755 (6.2)
Surplus / (Deficit) 199 455 106 831 162 945 218 315 218 315 178 848 229 662 228 839 239 096 28.4
Adjustments for Surplus/(Deficit)
Rollover 6 459
Surplus/(deficit) after adjustments 1 199 455 106 831 162 945 218 315 218 315 185 307 229 662 228 839 239 096
Non-tax revenue increased from R75.439 million in 2019/20 to a revised estimate of R88.037

million in 2022/23. Over the 2023/24 MTEF, non-tax revenue increases by 0.3 per cent to
R88.305 million. In 2024/25 non- tax revenue increases to R89.732 million and R93.755 million in

2025/26.

Compensation of Employees increased from R46.900 million in 2019/20 to a revised estimate of

R55.176 million in the 2022/23 financial year. The increase resulted from new positions, filling of
vacancies and inflationary increases. Over the MTEF, the full approved establishment has been
budgeted and expenditure increases to R59.301 million, R61.517 million and R62.680 million

respectively.

Goods and Services increased from R23.305 million in 2019/20 to a revised estimate of

R27.197 million in 2022/23, an increase below inflation due to on-going cost containment initiatives.
Over the MTEF, it is budgeted at R23.991 million, R25.016 million and R26.342 million,

respectively.

Payments of Capital Assets increased from R4.306 million in 2019/20 to a revised estimate of

R11.816 million in 2022/23 as a result of the Electronic Document management. Over the MTEF,
expenditure is budgeted at R5.013 million, R3.199 million, and R4.733million, respectively.

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