National Revenue Fund

E188602

The National Revenue Fund is South Africa’s central public account into which all national government revenue is paid and from which parliamentary-approved expenditures are drawn.

All labels observed (1)

Label Occurrences
National Revenue Fund canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf central government account
sovereign public fund
accountingFramework Public Finance Management Act
surface form: Public Finance Management Act framework
administeredBy National Treasury
surface form: National Treasury (South Africa)
alsoKnownAs NRF
auditedBy Auditor-General of South Africa
beneficiary constitutional institutions funded from the national budget
national departments of the Government of South Africa
public entities receiving transfers from the national budget
cashManagement managed through the South African Reserve Bank accounts
category Public finance of South Africa
constitutionalProvision Constitution of South Africa
surface form: Section 213 of the Constitution of the Republic of South Africa, 1996
country South Africa
currency South African rand
disbursementMechanism appropriation through the national budget process
distinctFrom municipal revenue accounts (South Africa)
provincial revenue funds (South Africa)
excludes money reasonably excluded by an Act of Parliament
expenditureRequires appropriation by an Act of Parliament
direct charge authorised by the Constitution or national legislation
feature all money received by the national government must be paid into the fund unless excluded by law
no money may be withdrawn from the fund except in terms of an appropriation or direct charge
funds equitable share transfers to municipalities
equitable share transfers to provinces
governedBy Public Finance Management Act
surface form: Public Finance Management Act, 1999 (PFMA)
legalBasis Constitution of South Africa
surface form: Constitution of the Republic of South Africa, 1996
linkedInstitution South African Reserve Bank
linkedLaw Public Finance Management Act
surface form: Public Finance Management Act, 1999 (South Africa)
managedBy Minister of Finance of South Africa
surface form: Minister of Finance (South Africa)
oversightBy Parliament of South Africa
purpose to provide the source of funds for national government expenditure approved by Parliament
to serve as the central account for all national government revenue
receives customs duties
excise duties
national taxes
non-tax revenue of the national government
other money received by the national government
regulation Treasury Regulations issued under the PFMA
relatedTo Acts of Parliament of South Africa
surface form: Appropriation Act (South Africa)

Division of Revenue Act (South Africa)
South African national budget
reportingRequirement included in national government financial statements
riskManagement subject to national treasury regulations
scope national sphere of government only
sector public sector finance
supportsFunction macroeconomic and fiscal management in South Africa
typeOfRevenue general government revenue

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Government of South Africa budgetAuthority National Revenue Fund