Government Spending in South Africa increased to 653476 ZAR Million in the third quarter of 2020 from 652379 ZAR Million in the second quarter of 2020. source: South African Reserve Bank

Government Spending in South Africa averaged 329009.33 ZAR Million from 1960 until 2020, reaching an all time high of 655913 ZAR Million in the first quarter of 2020 and a record low of 65991 ZAR Million in the first quarter of 1960. This page provides the latest reported value for - South Africa Government Spending - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Government Spending - values, historical data and charts - was last updated on January of 2021.

Government Spending in South Africa is expected to be 669031.00 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in South Africa to stand at 677001.00 in 12 months time. In the long-term, the South Africa Government Spending is projected to trend around 693249.00 ZAR Million in 2022 and 710580.00 ZAR Million in 2023, according to our econometric models.

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South Africa Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
653476.00 652379.00 655913.00 65991.00 1960 - 2020 ZAR Million Quarterly
Constant Prices, SA

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 -21911.00 -62964.00 44018.00 -107881.00 ZAR Million [+]
Government Spending 653476.00 652379.00 655913.00 65991.00 ZAR Million [+]
Government Revenues 98130.00 83912.00 160730.00 36.00 ZAR Million [+]
Government Debt 64685.00 57650.00 81061.00 11594.00 USD Million [+]
Fiscal Expenditure 120040.00 146876.00 203164.00 46.00 ZAR Million [+]
Credit Rating 45.00 [+]
Military Expenditure 3449.00 3639.00 5472.00 224.00 USD Million [+]


South Africa Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.