Interest Payments on Government Debt (As % of Government Expense) in South Africa

Interest payments on government debt as a share of government expense reached 10.2 % in 2017 in South Africa, according to the National Statistical Office. This is 1.32 % more than in the previous year.

Historically, interest payments on government debt as a share of government expense in South Africa reached an all time high of 19.7 % in 1998 and an all time low of 6.17 % in 1975. When compared to South Africa's main peers, interest payments on government debt as a share of government expense in Botswana amounted to 2.11 %, 2.70 % in Lesotho and 8.63 % in Namibia in 2017.

South Africa has been ranked 28th within the group of 103 countries we follow in terms of interest payments on government debt as a share of government expense, 14 places above the position seen 10 years ago.

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

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