Investor Relations > Annual Borrowing Plan


 

 Outstanding Government Debt

 
R billion March 31, 2023 February 29, 2024
Domestic debt

4 210

4 642

   Treasury bills 423 522
   Bonds 3 787 4 120
      Fixed-rate 2 719 2 960
      Inflation-linked 992 1 021
      Floating rate note 51 112
      Retail 25 27
Foreign debt 555 597
% of GDP 8,3%

8,5%

US$ equivalent 31 31
Gross loan debt 4 765

5 239

% of GDP 70,9%

74,3%

   Less: Cash balances 249

164

Net loan debt 4 516 5 075
% of GDP 67,2%

72,0%

 Financing of National Government Gross Borrowing Requirement

 
R million 2021/22 2022/23 2023/24 2024/25 2025/26
Outcome
Budget   Revised
Medium-term estimates
Main budget balance -323 061
-387 213 -300 415
-275 351 -269 864 -258 799
Redemptions -65 292
-97 252 -87 473
-162 232 -168 794 -185 969
Domestic long-term loans -61 373
-81 292 -71 712
-117 865 -131 369 -129 558
Foreign loans -3 918
-15 960 -15 761
-44 367 -37 425 -56 410
Eskom debt-relief arrangement -
- -
-78 000 -66 154 -110 223
Total -388 353
-484 465 -387 889
-515 583 -504 813 -554 990
Financing
Domestic short-term loans -7 954
- -25 493
48 000 42 000 46 000
Treasury bills (net) -8 007
- -25 493
48 000 42 000 46 000
Corporation for Public Deposits 52
- -
- - -
Domestic long-term loans 290 295
330 400 310 900
329 900 377 700 411 000
Market loans 290 657
330 400 310 987
329 900 377 700 341 000
Loans issued for switches -362
- -87
- - -
Eskom debt-relief arrangement -
- -
- - 70 000
Foreign loans 31 316
47 880 64 466
44 360 34 960 79 380
Market loans 31 316
47 880 64 466
44 360 34 960 79 380
Loans issued for switches -
- -
- - -
Change in cash and other balances 74 698
106 185 38 017
93 323 50 153 18 610
Cash balances 74 361
99 611 27 952
86 321 42 845 13 486
Other balances 337
6 574 10 065
7 002 7 308 5 124
Total 388 354
484 465 387 889
515 583 504 813 554 990
Percentage of GDP 6,2%
7,5% 5,8%
7,4% 6,8% 7,0%
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