It is seen rising to 64.9% next year and 68.5% in 2022. 1969 - 2019 | Yearly | % | CEIC Data Debt-service costs of R229.3 billion (increased by 12%) remain relatively high and curtail the ability to further invest in areas such as economic development which sees an allocation of R211.5 billion (increased by 6%).The budget deficit is expected to grow to R370.5 billion (2019/20 originally at R243 billion) or 6.8% of GDP. The debt-to-GDP ratio is projected at 60.8% this fiscal year, compared with the February estimate of 56.2%. The largest portion of the budget has been allocated to learning and culture (R396.4 billion – increased by 3%) followed by social development (R309.5 billion – increased by 9%) and health (R229.7 billion – increased by 3%). Against the backdrop of this deteriorating economic outlook, the Minister of Finance has reiterated in this budget that South Africa must strive for fiscal sustainability, measured as stabilisation of the debt-to-GDP ratio, by moderating spending as a share of GDP and reducing the wage bill as a share of overall spending.
It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. Budgeted gross tax revenue for 2019/20 was R1.42 trillion (the revised estimate is R1.36 trillion). If the government does not embark on a process of structural reform timeously, the government debt to GDP ratio could breach 100% of GDP by 2023/24. Household Debt is calculated from Household Disposable Income and ratio of Household Debt to Household Disposable Income. Article We have provided a few examples below that you can copy and paste to your site:Your image export is now complete. She is a senior executive member of Deloitte Africa. The data reached an all-time high of 54.2 % in Dec 2007 and a record low of 25.8 % in Dec 1980. Government Debt to GDP in South Africa is expected to reach 81.80 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. DTTL and each of its member firms are legally separate and independent entities. Instant access to full history data in excel
Finance Minister Tito Mboweni’s 2020 Budget Speech was delivered against the backdrop of President Cyril Ramaphosa’s State of the Nation Address in which the President made the following sobering comments:Against the backdrop of this deteriorating economic outlook, the Minister of Finance has reiterated in this budget that South Africa must strive for fiscal sustainability, measured as stabilisation of the debt-to-GDP ratio, by moderating spending as a share of GDP and reducing the wage bill as a share of overall spending.
Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Because debt is a stock rather than a flow, it is measured as of a given date, usually … Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. This will not be easy, it will be a tricky road to navigate with affected stakeholders.The Minister indicated a bleak economic growth context of the budget by indicating that South Africa’s economy is expected to expand by only 0.9% in 2020. Please check your download folder. Statistics South Africa provides Nominal GDP in local currency. South Africa's National Government Debt reached 221.7 USD bn in Jan 2020. South Africa may introduce a debt limit in its budget, bowing to a suggestion proposed by the International Monetary Fund almost two years ago. We have provided a few examples below that you can copy and paste to your site:Your data export is now complete.
South Africa sees government debt at 113.8% of GDP in 2029 The country’s finances have deteriorated rapidly over the past decade. Unlimited access tailored to your data needs Instant access to full history data in excel There is no data available for your selected dates.There is no data available for your selected dates. The data reached an all-time high of 54.2 % in Dec 2007 and a record low of 25.8 % in Dec 1980.
Government Debt in South Africa averaged 37687.76 USD Million from 2002 until 2020, reaching an all time high of 81061 USD Million in the first quarter of 2018 and a record low of 11594 USD Million in the first quarter of 2003. The ratio of public debt to GDP rose from 26% in 2008 to 56% in 2018. Gross national debt will reach R3.56 trillion, amounting to 65.6% as a share of GDP by the end of 2020/21.It is perhaps as a result of this current state of play, that many commentators anticipated wide-ranging tax increases. Includes Household Debt: % of GDP for
Fitch and S&P Global Ratings also rank South Africa at “junk” status. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic.If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page.
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