South Africa Government Budget

South Africa recorded a Government Budget deficit equal to 4.70 percent of the country's Gross Domestic Product in 2013. Government Budget in South Africa is reported by the National Treasury, South Africa. Government Budget in South Africa averaged -3.21 Percent of GDP from 1989 until 2013, reaching an all time high of 1 Percent of GDP in 2007 and a record low of -7.40 Percent of GDP in 1992. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - South Africa Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-4.70 -5.20 1.00 -7.40 -4.57 | 2014/06 1989 - 2013 Percent of GDP Yearly

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South Africa Government Budget
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Government Last Previous Highest Lowest Forecast Unit
Credit Rating 57.44 [+]
Government Budget Value 12798.00 2014-02-15 -24854.00 30087.00 -71492.00 1443.29 2014-03-31 ZAR Million [+]
Government Spending 426992.00 2013-11-15 424915.00 426992.00 44897.00 426998.94 2014-03-31 ZAR Million [+]
Government Budget -4.70 2013-12-31 -5.20 1.00 -7.40 -4.57 2014-06-30 Percent of GDP [+]
Government Debt To GDP 39.90 2012-12-31 38.80 43.50 27.40 41.99 2013-12-31 Percent [+]
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Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


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South African trade balance turned into a ZAR 1.72 billion surplus in February of 2014, after a large ZAR 17 billion gap in January, as exports surged 7.9 percent over the previous month and imports fell sharply by 13.2 percent.
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South African annual consumer prices accelerated for the third straight month to 5.9 percent in February of 2014, up from 5.8 percent in the previous month, on higher health, fuel and petrol cost.
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In the last quarter of 2013, South African GDP growth accelerated to 2 percent over a year earlier, beating market expectations and up from a revised 1.7 percent expansion in the previous quarter mainly due to a surge in the mining sector.
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South African annual inflation rate accelerated to 5.8 percent in January of 2014 from 5.4 percent in December as rand’s depreciation against the dollar pushed food and fuel costs up.
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In the last quarter of 2013, South African jobless rate slowed for the second straight quarter to 24.1 percent, from a revised 24.5 percent in the previous period. The expanded definition of unemployment, including people who stopped looking for work, was recorded at 34 percent.
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In December of 2013, South African trade balance turned into a surplus for the second straight month and reached ZAR 2.78 billion, breaking a two-year cycle of persistent trade deficit. Since September of 2013, trade figures include trade with regional neighbors Botswana, Lesotho, Namibia and Swaziland.
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