South Africa recorded a government budget deficit of 21911 ZAR Million in November of 2020. source: South African Reserve Bank

Government Budget Value in South Africa averaged -4027.02 ZAR Million from 1960 until 2020, reaching an all time high of 44018 ZAR Million in December of 2016 and a record low of -107881 ZAR Million in July of 2019. 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 January of 2021.

Government Budget Value in South Africa is expected to be -97000.00 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 -46000.00 in 12 months time. In the long-term, the South Africa Government Budget Value is projected to trend around -18000.00 ZAR Million in 2021 and -4000.00 ZAR Million in 2022, according to our econometric models.

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South Africa Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-21911.00 -62964.00 44018.00 -107881.00 1960 - 2020 ZAR Million Monthly
Current Prices, NSA

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 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.