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South Africa national debt

The national debt of South Africa is the total quantity of money borrowed by the Government of South Africa at any time through the issue of securities by the South African Treasury and other government agencies.

South African national government budget breakdown for 2019/20. Budget short falls such as the area on the income line outlined with a dotted border, contributed to the growth of the national debt.

As of 2021/22 total South African government debt was $130 billion.[1] The country's debt to GDP ratio in October 2020 was calculated at 82.76% of GDP by the International Monetary Fund.[2]

Roughly 90% of the national debt in 2019/20 was denominated in South African rand thereby reducing borrowing risk due to currency fluctuations.[3] By September 2020 around US$157 billion of South Africa's national debt was externally owned.[4] As of December 2021 the share of domestic bonds held by foreign investors was 28.2%, this represented a declined to a 10-year low.[1]

  1. ^ a b Felix, Jason. "In just five years, SA has borrowed R1.8 trillion from investors - Enoch Godongwana". News24. Retrieved 2022-04-18.
  2. ^ "Gross debt position : % of GDP". www.imf.org. Retrieved 2021-03-01.
  3. ^ "Government debt and contingent liabilities" (PDF). South African National Treasury. 26 February 2020.
  4. ^ "South Africa External Debt, 1985 – 2021 Data". www.ceicdata.com. Retrieved 2021-02-26.

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