High-Level Summary Technical Assistance Reports

South Africa

Author/Editor:

Carolina Renteria Rodriguez ; Trish N Chiinze ; Sage De Clerck ; Foyzunnesa Khatun ; Natalie Manuilova ; Vincent Tang

Publication Date:

May 8, 2024

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

South Africa has many elements of sound fiscal transparency practices. Based on an assessment of fiscal transparency practices against the IMF’s Fiscal Transparency Code, South Africa’s practices are strongest in fiscal reporting, followed by fiscal forecasting and budgeting, and weakest in fiscal risk analysis. South Africa’s Balance Sheet public sector net worth – including assumptions for the values of non-reported assets – is estimated to be 100 percent of GDP. There is room to improve South Africa’s fiscal reporting, budget transparency, and management of fiscal risks.

Series:

High Level Summary Technical Assistance Report No. 2024/017

Subject:

Budget planning and preparation Fiscal reporting Fiscal risks Fiscal Transparency Evaluation (FTE) International organization Monetary policy Public financial management (PFM)

Frequency:

Regular