Government Spending in South Africa decreased to 654497 ZAR Million in the second quarter of 2020 from 655913 ZAR Million in the first quarter of 2020.

Government Spending in South Africa averaged 327677.31 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 October of 2020. source: South African Reserve Bank

Government Spending in South Africa is expected to be 620678.00 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 667587.00 in 12 months time. In the long-term, the South Africa Government Spending is projected to trend around 622895.00 ZAR Million in 2021 and 639090.00 ZAR Million in 2022, according to our econometric models.

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South Africa Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
654497.00 655913.00 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 -100083.00 -95400.00 37586.00 -107881.00 ZAR Million [+]
Government Spending 654497.00 655913.00 655913.00 65991.00 ZAR Million [+]
Government Revenues 103081.00 64026.00 160730.00 36.00 ZAR Million [+]
Government Debt 57650.00 56634.00 81061.00 11594.00 USD Million [+]
Fiscal Expenditure 203164.00 159426.00 203164.00 46.00 ZAR Million [+]
Credit Rating 46.00 [+]
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.