South Africa recorded a Government Budget deficit equal to 12.30 percent of the country's Gross Domestic Product in 2020. source: National Treasury, South Africa
Government Budget in South Africa averaged -3.75 percent of GDP from 1989 until 2020, reaching an all time high of 1 percent of GDP in 2007 and a record low of -12.30 percent of GDP in 2020. 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 July of 2021.
Government Budget in South Africa is expected to reach -9.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Government Budget is projected to trend around -7.40 percent of GDP in 2022 and -6.50 percent of GDP in 2023, according to our econometric models.