South Africa budget deficit unchanged at 0.8% of GDP in April

Created at 7 Jun · 12:36 UTC1 source↑ Market-relevant

IN SHORT

South Africa's main budget deficit for April was ZAR 63.3 billion, remaining unchanged at 0.8% of GDP compared to the previous year. Revenue increased 12.5% year-on-year to ZAR 117.5 billion, driven by stronger PIT/PAYE and VAT collections, though fuel levy relief reduced collections by ZAR 4.1 billion.

Key Numbers

ZAR 63.3bnmain budget deficit in April

0.8%budget deficit as % of GDP in April

12.5%revenue increase year-on-year

ZAR 117.5bnrevenue in April

ZAR 4.1bnrevenue drag from fuel levy relief

ZAR 84.6bngross borrowing requirements in April

Who's Involved

South Africa

country with April budget figures released

↳ Why This Matters

These figures provide insight into the South African government's fiscal health and its ability to manage its debt obligations, impacting investor confidence and the country's borrowing costs.

Key facts

South Africa's main budget deficit was ZAR 63.3bn in April.
The deficit remained unchanged at 0.8% of GDP compared to April last year.
Revenue increased 12.5% year-on-year to ZAR 117.5bn.
Stronger PIT/PAYE and VAT collections supported revenue growth.
Fuel levy relief reduced revenue by approximately ZAR 4.1bn year-on-year.
Gross borrowing requirements remained elevated at ZAR 84.6bn in April.

South Africa's main budget deficit for April was reported at ZAR 63.3 billion, marking no change from the previous year's deficit of 0.8% of GDP. Revenue collections showed a significant increase of 12.5% year-on-year, reaching ZAR 117.5 billion. This growth was primarily supported by stronger collections from personal income tax (PIT) and value-added tax (VAT). However, the revenue figures were impacted by fuel levy relief, which resulted in a drag of approximately ZAR 4.1 billion compared to the same month last year. Despite the revenue increase, gross borrowing requirements remained elevated at ZAR 84.6 billion in April.

Key facts

South Africa's main budget deficit was ZAR 63.3bn in April.

The deficit remained unchanged at 0.8% of GDP compared to April last year.

Revenue increased 12.5% year-on-year to ZAR 117.5bn.

Stronger PIT/PAYE and VAT collections supported revenue growth.

Fuel levy relief reduced revenue by approximately ZAR 4.1bn year-on-year.

Gross borrowing requirements remained elevated at ZAR 84.6bn in April.

South Africa budget deficit unchanged at 0.8% of GDP in April

PiQ Daily

Key facts

South Africa budget deficit unchanged at 0.8% of GDP in April

PiQ Daily

Key facts

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