Government Spending in South Africa increased to 655551 ZAR Million in the fourth quarter of 2020 from 653776 ZAR Million in the third quarter of 2020. source: South African Reserve Bank

Government Spending in South Africa averaged 330350.10 ZAR Million from 1960 until 2020, reaching an all time high of 656056 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 April of 2021.

Government Spending in South Africa is expected to be 750423.00 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 672595.00 in 12 months time. In the long-term, the South Africa Government Spending is projected to trend around 690059.00 ZAR Million in 2022 and 707311.00 ZAR Million in 2023, according to our econometric models.

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South Africa Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
655551.00 653776.00 656056.00 65991.00 1960 - 2020 ZAR Million Quarterly
Constant Prices, SA

South Africa Government Last Previous Highest Lowest Unit
Government Debt to GDP 83.00 62.20 83.00 27.80 percent [+]
Government Budget -6.30 -4.20 1.00 -7.40 percent of GDP [+]
Government Budget Value -16372.00 -110002.00 44018.00 -110002.00 ZAR Million [+]
Government Spending 655551.00 653776.00 656056.00 65991.00 ZAR Million [+]
Government Revenues 133241.00 84285.00 180084.00 36.00 ZAR Million [+]
Government Debt 78295.00 64685.00 81061.00 11594.00 USD Million [+]
Fiscal Expenditure 149613.00 194286.00 203164.00 46.00 ZAR Million [+]
Credit Rating 45.00 [+]
Military Expenditure 3617.00 3670.00 5760.00 236.00 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.