South Africa - Interest payments (% of expense)

Interest payments (% of expense) in South Africa was 10.63 as of 2019. Its highest value over the past 47 years was 19.75 in 1998, while its lowest value was 6.17 in 1975.

Definition: Interest payments include interest payments on government debt--including long-term bonds, long-term loans, and other debt instruments--to domestic and foreign residents.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1972 7.96
1973 8.64
1974 6.85
1975 6.17
1976 7.03
1977 7.48
1978 8.43
1979 8.77
1980 9.06
1981 10.06
1982 10.32
1983 10.94
1984 12.68
1985 13.07
1986 13.11
1987 13.40
1988 13.59
1989 15.07
1990 14.26
1991 15.49
1992 15.12
1993 15.57
1994 16.78
1995 18.25
1996 17.59
1997 19.42
1998 19.75
1999 18.91
2000 18.11
2001 16.80
2002 14.56
2003 12.57
2004 11.56
2005 10.86
2006 9.85
2007 8.67
2008 7.70
2009 7.12
2010 7.69
2011 8.03
2012 8.41
2013 8.35
2014 8.98
2015 9.07
2016 10.08
2017 10.42
2018 10.49
2019 10.63

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance