South Africa | Net incurrence of liabilities, total (% of GDP)

Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.
Publisher
The World Bank
Origin
Republic of South Africa
Records
63
Source
South Africa | Net incurrence of liabilities, total (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 4.60044572
1973 3.17116493
1974 2.82331188
1975 5.13079105
1976 5.1672582
1977 5.42165618
1978 4.80880649
1979 3.80180859
1980 2.1841837
1981 2.94351534
1982 4.49204511
1983 4.12946324
1984 4.04609966
1985 3.54589688
1986 5.09969096
1987 6.2477741
1988 5.03959592
1989 4.56747649
1990 3.26866527
1991 3.75850431
1992 6.85124344
1993 8.02815901
1994 4.92852011
1995 4.83222988
1996 3.41135174
1997 3.01202937
1998 2.31349505
1999 1.66016625
2000 1.61831588
2001 1.3439793
2002 1.53548308
2003 2.86885031
2004 3.16611719
2005 2.20669404
2006 0.64172041
2007 0.46751755
2008 2.37656101
2009 8.09594653
2010 6.76858365
2011 4.99956807
2012 4.27383369
2013 5.56587023
2014 5.2466005
2015 4.8798639
2016 5.00946139
2017 5.82623856
2018 5.39847255
2019 7.47498954
2020 12.47618053
2021 4.87822804
2022

South Africa | Net incurrence of liabilities, total (% of GDP)

Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.
Publisher
The World Bank
Origin
Republic of South Africa
Records
63
Source