2 national government 3 may for 2016 4 april for 2016

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2/ National government. 3/ May for 2016. 4/ April for 2016. Repo rate (percent, end-period) Headcount ratio at $1.90 a day (2011 PPP) (percnet of population) Poverty Economic Indicators Social Indicators Undernourishment (2012, percent of population) Sources: South African Reserve Bank and National Treasury, Haver, Bloomberg, World Bank, IMF INS database, and Fund staff estimates and projections. Gini index Proj. Income share held by highest 10 percent of population Income share held by lowest 20 percent of population Real effective exchange rate (percentage change, end-period) 4/ Unemployment rate (percent of labor force, annual average) Average remuneration (formal nonagricultural, nominal) Nominal effective exchange rate (percentage change, end-period) 4/ Labor market (annual percentage change unless otherwise indicated) National income and prices (annual percentage change unless otherwise indicated) Savings and Investment (percent of GDP unless otherwise indicated) Fiscal position (percent of GDP unless otherwise indicated) 1/ Money and credit (annual percentage change unless otherwise indicated) Balance of payments (percent of GDP unless otherwise indicated) Government bond yield (10-year, percent) 3/
SOUTH AFRICA INTERNATIONAL MONETARY FUND 47 Table 2. South Africa: Consolidated Government Operations, 2012/13 2018/19 1 2012/13 2013/14 Est. Auth. Staff Auth. Staff Auth. Staff Total revenue and grants 907.6 1,008.1 1,100.0 1,223.1 1,324.3 1,310.6 1,436.7 1,414.2 1,571.6 1,537.0 Tax revenue 771.7 856.6 934.6 1,018.7 1,135.3 1,125.7 1,245.4 1,225.5 1,371.8 1,339.9 Non-tax revenue 28.5 30.6 30.9 55.8 26.7 26.6 18.9 18.9 16.9 16.9 Provinces, social security, and other entities 107.4 120.8 134.5 148.5 162.3 158.2 172.4 169.9 182.9 180.1 Total expenditure 1,043.4 1,144.1 1,237.7 1,380.9 1,463.3 1,465.3 1,572.1 1,576.1 1,695.2 1,699.2 Current expenditure 919.6 1,006.5 1,086.0 1,188.3 1,283.0 1,285.0 1,377.5 1,381.5 1,481.5 1,485.5 Wages and salaries 376.3 408.2 437.0 476.8 516.8 516.8 551.5 551.5 590.9 590.9 Other goods and services 162.9 174.2 187.5 193.7 204.7 204.7 221.9 221.9 236.6 236.6 Interest 93.3 109.6 121.2 135.3 154.3 156.3 168.7 172.7 185.6 189.6 Transfers 287.1 314.6 340.2 382.5 407.2 407.2 435.4 435.4 468.4 468.4 Capital expenditure 118.7 133.3 146.1 163.0 169.0 169.0 179.4 179.4 193.7 193.7 Payment for financial assets 5.1 4.2 5.6 29.7 5.2 5.2 5.2 5.2 5.1 5.1 Contingency 0.0 0.0 0.0 0.0 6.0 6.0 10.0 10.0 15.0 15.0 Primary balance -42.6 -26.4 -16.6 -22.6 15.4 1.6 33.4 10.8 62.0 27.4 Overall balance -135.9 -136.0 -137.8 -157.9 -139.0 -154.7 -135.3 -161.9 -123.6 -162.3 Structural primary balance -34.7 -22.2 -10.1 -2.1 n.a. 35.9 n.a. 52.2 n.a. 62.9 Gross government debt 1,366 1,585 1,799 2,056 2,234 2,249 2,423 2,468 2,607 2,690 Total revenue and grants 27.3 27.8 28.5 29.9 30.2 30.1 30.2 30.3 30.4 30.5 Tax revenue 23.2 23.6 24.2 24.9 25.9 25.9 26.2 26.2 26.6 26.6 Non-tax revenue 0.9 0.8 0.8 1.4 0.6 0.6 0.4 0.4 0.3 0.3 Provinces, social security, and other entities 3.2 3.3 3.5 3.6 3.7 3.6 3.6 3.6 3.5 3.6 Total expenditure 31.4 31.6 32.0 33.8 33.3 33.7 33.1 33.7 32.8 33.7 Current expenditure 27.7 27.8 28.1 29.1 29.2 29.5 29.0 29.6 28.7 29.5 Wages and salaries 11.3 11.3 11.3 11.7 11.8 11.9 11.6 11.8 11.4 11.7 Other goods and services 4.9 4.8 4.9 4.7 4.7 4.7 4.7 4.7 4.6 4.7 Interest 2.8 3.0 3.1 3.3 3.5 3.6 3.6 3.7 3.6 3.8 Transfers 8.6 8.7 8.8 9.4 9.3 9.4 9.2 9.3 9.1 9.3 Capital expenditure 3.6 3.7 3.8 4.0 3.9 3.9 3.8 3.8 3.8 3.8 Payment for financial assets 0.2 0.1 0.1 0.7 0.1 0.1 0.1 0.1 0.1 0.1 Contingency 0.0 0.0 0.0 0.0 0.1 0.1 0.2 0.2 0.3 0.3 Primary balance -1.3 -0.7 -0.4 -0.6 0.4 0.0 0.7 0.2 1.2 0.5 Overall balance -4.1 -3.8 -3.6 -3.9 -3.2 -3.6 -2.8 -3.5 -2.4 -3.2 Structural primary balance (percent of potential GDP) -1.0 -0.6 -0.3 -0.1 n.a. 0.8 n.a. 1.1 n.a. 1.2 Gross government debt 2/ 41.1 43.7 46.6 50.3 50.9 51.7 51.0 52.8 50.5 53.4 Memorandum items: National budget primary balance (percent of GDP) -2.3 -1.6 -1.3 -1.1 -0.2 -0.4 0.1 -0.3 0.5 -0.1 National budget overall balance (percent of GDP) -5.0 -4.4 -4.3 -4.2 -3.6 -3.9 -3.3 -3.9 -2.9 -3.7 Fiscal year GDP (billions of rand) 3,323 3,624 3,863 4,087 4,388 4,353 4,751 4,673 5,161 5,036 Fiscal year real GDP growth (percent) 2.2 2.4 1.7 0.5 1.2 0.5 1.9 1.2 2.5 2.2 2015/16 2014/15 2018/19 2/ National government.

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