2.3 Provincial Share of the Nationally Raised Revenue Excluding conditional grants, provincial departments were allocated R309.1 billion or 31.9 per cent of the nationally raised revenue. The provincial equitable share allocation increased by R17.3 billion or 5.9 per cent compared to an allocation of R291.7 billion in the 2011/12 financial year. Over the MTEF the provincial equitable share was estimated to increase by 6.3 per cent from R328.9 billion to R349.4 billion between the 2013/14 and 2014/15 financial years respectively.