The fund receives transfers from the department and generates revenue from levies on fish and fish products, licence and permit fees, fines and confiscations, and harbour fees. Revenue increased from R341.1 million in 2008/09 to R412.6 million in 2011/12, at an average annual rate of 6.5 per cent, as a result of an increase in financial assistance for vessel operating costs. Over the medium term, revenue is expected to decrease to R374.4 million, at an average annual rate of 3.2 per cent, due mainly to an allocation for the Working for Fisheries projects component of the expanded public works programme coming to an end in 2012/13.This decrease over the medium term is partially offset by an increase in revenue from levies, licences, permits and application fees, the tariffs of which were all increased from October 2010. The increase in administration fees in 2013/14 is as a result of the expected increase in grant of rights fees due to the allocation of rights process. Expenditure increased from R351.3 million in 2008/09 to R412.6 million in 2011/12, at an average annual rate of 5.5 per cent, and is expected to decrease to R374.4 million over the medium term, at an average annual rate of 3.2 per cent, due mainly to a decrease in financial assistance for Working for Fisheries projects from 2013/14.