|Unit||Ths. ZAR, SA|
For South Africa, the monthly statement of Central Government Operations presents revenue, expenditure (including separate data on interest payments), the balance (deficit/surplus) and financing by financial instrument of the national government (i.e. the national government departments excluding social security funds and other extra-budgetary units). The central government expenditure is available per vote and according to the organizational structure of government.
The data on Central Government Operations and Debt is being reported in accordance with the GFSM 2001 framework as recommended by the IMF for the Statement of Sources and Uses of Cash. The Statement of Government Operations is only submitted to the IMF annually for publication in the GFS Yearbook.
The operations of central government cover 34 national government departments, standing appropriations, and statutory payments. There are exceptions to the coverage, and those include data for extra-budgetary accounts and social security funds that are reported quarterly. Central government only refers to national government which operates on a cash-flow basis. Therefore, only the statement of sources and uses of cash is available.
The data is comprehensive, so no unrecorded activity is observed.
In accordance with GFS principles, the analyses of total revenue and expenditure are based on transactions as close to the payment stage as possible thus leading to cash-flow records. Transactions are recorded in the period in which they actually occur rather than in the budget period for which they were authorized. All relevant data are recorded on a gross basis. This allows for data to be netted out where necessary.
All data on the operations of central government are compiled from administrative records kept by the National Treasury and the government departments, and no estimates are required, as the accounts are comprehensive.
We extend the headline finance items. We then compute seasonally adjusted counterparts.
Data is assessed on a monthly and quarterly basis and statistical discrepancies are corrected in the following month or quarter. The data is also balanced against the annual audit report. Please note that the data is kept preliminary for two years. Therefore, the data is subject to revisions on a monthly and quarterly basis.