South Africa recorded a Government Budget deficit equal to 4.40 percent of the country's Gross Domestic Product in 2018. Government Budget in South Africa averaged -3.34 percent of GDP from 1989 until 2018, reaching an all time high of 1 percent of GDP in 2007 and a record low of -7.40 percent of GDP in 1992.
Government Budget in South Africa is expected to be -4.70 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Government Budget is projected to trend around -4.30 percent of GDP in 2020, according to our econometric models.