Chapter 13: Finance
CHAPTER 13
finAnce
General financial matters
National Revenue Fund
213. � (1)
There is a National Revenue Fund into which all money received by the national
government must be paid, except money reasonably excluded by an Act of
Parliament.
(2) Money may be withdrawn from the National Revenue Fund only—
(a) in terms of an appropriation by an Act of Parliament; or
(b) as a direct charge against the National Revenue Fund, when it is provided for in
the Constitution or an Act of Parliament.
(3) � A province’s equitable share of revenue raised nationally is a direct charge against
the National Revenue Fund.
[Date of commencement of s. 213: 1 January 1998]
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Equitable shares and allocations of revenue
214.
(1) � An Act of Parliament must provide for—
(a) the equitable division of revenue raised nationally among the national,
provincial and local spheres of government;
(b) the determination of each province’s equitable share of the provincial share of
that revenue; and
(c) any other allocations to provinces, local government or municipalities from
the national government’s share of that revenue, and any conditions on which
those allocations may be made.
(2) � The Act referred to in subsection (1) may be enacted only after the provincial
governments, organised local government and the Financial and Fiscal Commission
have been consulted, and any recommendations of the Commission have been
considered, and must take into account—
(a) the national interest;
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