Government Spending in South Africa decreased to 895811 ZAR Million in the second quarter of 2021 from 896913 ZAR Million in the first quarter of 2021. source: South African Reserve Bank

Government Spending in South Africa averaged 419759.91 ZAR Million from 1960 until 2021, reaching an all time high of 900759 ZAR Million in the fourth quarter of 2020 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 September of 2021.

Government Spending in South Africa is expected to be 855003.00 ZAR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Government Spending is projected to trend around 964624.00 ZAR Million in 2022 and 981987.00 ZAR Million in 2023, according to our econometric models.

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South Africa Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
895811.00 896913.00 900759.00 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 -139791.00 66357.00 66357.00 -139791.00 ZAR Million [+]
Government Spending 895811.00 896913.00 900759.00 65991.00 ZAR Million [+]
Government Revenues 79590.00 205315.00 205315.00 36.00 ZAR Million [+]
Government Debt 76176.00 78295.00 81061.00 11594.00 USD Million [+]
Fiscal Expenditure 219381.00 138958.00 219381.00 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.