South Africa recorded a government budget deficit of 17928 ZAR Million in May of 2021. source: South African Reserve Bank

Government Budget Value in South Africa averaged -4247.31 ZAR Million from 1960 until 2021, reaching an all time high of 44018 ZAR Million in December of 2016 and a record low of -110002 ZAR Million in January of 2021. This page provides - South Africa Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Government Budget Value - values, historical data and charts - was last updated on July of 2021.

Government Budget Value in South Africa is expected to be -33000.00 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in South Africa to stand at -20000.00 in 12 months time. In the long-term, the South Africa Government Budget Value is projected to trend around -40000.00 ZAR Million in 2022 and -42000.00 ZAR Million in 2023, according to our econometric models.

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South Africa Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-17928.00 -74457.00 44018.00 -110002.00 1960 - 2021 ZAR Million Monthly
Current Prices, NSA

South Africa Government Last Previous Highest Lowest Unit
Government Debt to GDP 83.00 62.20 83.00 27.80 percent of GDP [+]
Government Budget -12.30 -6.70 1.00 -12.30 percent of GDP [+]
Government Budget Value -17928.00 -74457.00 44018.00 -110002.00 ZAR Million [+]
Government Spending 657183.00 655551.00 657183.00 65991.00 ZAR Million [+]
Government Revenues 96174.00 85754.00 180084.00 36.00 ZAR Million [+]
Government Debt 76176.00 78295.00 81061.00 11594.00 USD Million [+]
Fiscal Expenditure 114102.00 160210.00 203164.00 46.00 ZAR Million [+]
Credit Rating 45.00 [+]
Military Expenditure 3475.00 3436.00 5498.00 225.00 USD Million [+]

South Africa Government Budget Value
The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.