Government Spending in South Africa increased to 657183 ZAR Million in the first quarter of 2021 from 655551 ZAR Million in the fourth quarter of 2020. source: South African Reserve Bank

Government Spending in South Africa averaged 331684.11 ZAR Million from 1960 until 2021, reaching an all time high of 657183 ZAR Million in the first quarter of 2021 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 June 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 698795.00 ZAR Million in 2022 and 715566.00 ZAR Million in 2023, according to our econometric models.

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South Africa Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
657183.00 655551.00 657183.00 65991.00 1960 - 2021 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 of GDP [+]
Government Budget -12.30 -6.70 1.00 -12.30 percent of GDP [+]
Government Budget Value -74457.00 21257.00 44018.00 -110002.00 ZAR Million [+]
Government Spending 657183.00 655551.00 657183.00 65991.00 ZAR Million [+]
Government Revenues 85754.00 146977.00 180084.00 36.00 ZAR Million [+]
Government Debt 78295.00 64685.00 81061.00 11594.00 USD Million [+]
Fiscal Expenditure 160210.00 125719.00 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 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.