South Africa recorded a Government Budget deficit equal to 4.50 percent of the country's Gross Domestic Product in 2025. Government Budget in South Africa averaged -3.85 percent of GDP from 1989 until 2025, reaching an all time high of 1.00 percent of GDP in 2007 and a record low of -10.00 percent of GDP in 2020. source: National Treasury, South Africa
Government Budget in South Africa is expected to reach -4.00 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Government Budget is projected to trend around -3.50 percent of GDP in 2027 and -3.10 percent of GDP in 2028, according to our econometric models.