South Africa recorded a Government Budget deficit equal to 6.30 percent of the country's Gross Domestic Product in 2019.

Government Budget in South Africa averaged -3.43 percent of GDP from 1989 until 2019, reaching an all time high of 1 percent of GDP in 2007 and a record low of -7.40 percent of GDP in 1992. This page provides - South Africa Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Government Budget - values, historical data and charts - was last updated on June of 2020.

Government Budget in South Africa is expected to reach -10.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Government Budget is projected to trend around -7.00 percent of GDP in 2021 and -6.50 percent of GDP in 2022, according to our econometric models.

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South Africa Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-6.30 -4.20 1.00 -7.40 1989 - 2019 percent of GDP Yearly

South Africa Government Last Previous Highest Lowest Unit
Government Debt to GDP 62.20 56.70 62.20 27.80 percent [+]
Government Budget -6.30 -4.20 1.00 -7.40 percent of GDP [+]
Government Budget Value -85315.00 -2581.00 37586.00 -107881.00 ZAR Million [+]
Government Spending 653065.00 653236.00 653236.00 65991.00 ZAR Million [+]
Government Revenues 61883.00 139465.00 160730.00 36.00 ZAR Million [+]
Government Debt 77987.00 70836.00 81061.00 11594.00 USD Million [+]
Fiscal Expenditure 147198.00 142046.00 182477.00 46.00 ZAR Million [+]
Credit Rating 46.00 [+]
Military Expenditure 3449.00 3639.00 5472.00 224.00 USD Million [+]


South Africa Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.