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南非财政部长2026年预算更新要点Highlights of South Africa Finance Minister’s 2026 Budget Update

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财政部长伊诺克·戈东瓜纳 摄影:Waldo Swiegers/彭博社Finance Minister Enoch Godongwana Photographer: Waldo Swiegers/Bloomberg

以下是南非财政部长埃诺克·戈东瓦纳(Enoch Godongwana)周三在开普敦宣布的2026年中期预算政策声明中的重点内容:

Below are the highlights from South Africa’s 2026 medium-term budget policy statement announced by Finance Minister Enoch Godongwana in Cape Town on Wednesday.

经济增长方面:经济增长预期被下调,主要是由于伊朗战争带来的负面影响。预计今年国内生产总值(GDP)将增长1.2%,低于2月份预测的1.6%;未来三年内的年均增长率也将降至1.8%。

By Denene Erasmus Growth Economic growth was revised lower, mainly due to the shocks stemming from the Iran war. Gross domestic product is projected to expand 1.2% this year, down from 1.6% in the February, and by an average of 1.8% over the next three years.

促进经济增长的措施:政府计划通过结构性改革(包括能源、物流和水资源供应领域的改革)、提高政策透明度、增加基础设施投资以及降低借贷成本来推动经济增长。

Structural reforms, including in energy, logistics and water provision, as well as improved policy certainty, increased infrastructure spending and declining borrowing costs are seen boosting growth going forward.

潜在风险:财政部警告称,中东地区的长期冲突以及人工智能投资策略的重新评估可能会加剧全球金融市场的紧张局势,从而对南非经济造成负面影响。此外,国内基础设施的瓶颈问题、低迷的市场信心以及有限的财政空间使得政府在应对未来冲击时面临较大困难。

Risks to the domestic outlook are tilted to the downside. Prolonged conflict in the Middle East and a reassessment of artificial intelligence investment could tighten global financial conditions, the Treasury warns. Domestically infrastructure bottlenecks, weak confidence and limited fiscal space leave little room to cushion future shocks.

预算预测:截至2027年3月的财年,政府预算赤字预计将达到国内生产总值(GDP)的3.9%;预计这一差距将在2029-30年度缩小至2.5%。

Budget Forecasts The consolidated budget shortfall is forecast at 3.9% of gross domestic product for the fiscal year through March 2027. The gap is seen narrowing to 2.5% in 2029-30.

2026-27年度的总支出预计为2.72万亿兰特(1657亿美元),未来三年内的年均支出增长率将达到3.6%。

Consolidated spending of 2.72 trillion rand ($165.7 billion) is projected for 2026-27. Spending is projected to rise by an average of 3.6% annually over the next three fiscal years.

税收收入预计为2.4万亿兰特,本财年的总税收收入将比2月份的预测高出171亿兰特;不过额外的矿业税收收入属于临时性收入。

Revenue collection is seen at 2.4 trillion rand, with gross tax revenue for the current fiscal year expected to exceed the February estimate by 17.1 billion rand. Additional mining tax revenue is seen as temporary.

初步数据显示,截至2027年3月,政府将实现预算盈余(即收入超过非利息支出),盈余比例预计将达到GDP的1.7%;到2029-30年度,这一比例将上升至GDP的2.9%。

Preliminary data shows the Treasury will achieve a primary budget surplus – where revenue exceeds non-interest spending – of 1.7% of GDP in the year through March 2027. Primary surplus is forecast to grow to 2.9% of GDP by 2029-30.

政府债务在2025-26年度稳定在GDP的78.4%水平,财政部的目标是在未来十年内逐步降低这一比例。未来三个财政年度的支出开支较二月预算上调了711亿兰特。

Government debt stabilized at 78.4% of GDP in 2025-26, and the Treasury’s fiscal strategy aims to reduce that ratio over the rest of the decade. Spending Expenditure over the next three fiscal years was revised up by 71.1 billion rand compared with the February budget.

大部分新增资金将用于支持卫生、教育和地方政府,推动工业发展,改善基础设施,并增强国家能力。

Most of the additional money will go toward supporting health, education and local government, enabling industrial development, improving infrastructure and bolstering state capacity.

约51亿兰特被分配用于打击基于性别的暴力,包括雇佣更多社工。

Some 5.1 billion rand was allocated toward combatting gender-based violence, including employing more social workers.

财政部向其应急储备拨款100亿兰特,可用于应对厄尔尼诺天气现象及其他不可预见事件的后果。

The Treasury allocated 10 billion rand to its contingency reserve that can be used to deal with the fallout from the El Nino weather phenomenon and other unforeseen events.

中央能源基金将向财政部返还100亿兰特,后者将用其为车主提供暂时性燃油价格减免。

The Central Energy Fund will return 10 billion rand to the Treasury, which will use it to provide motorists temporary relief from high fuel prices.

在美方撤回部分资金后,又有5.567亿兰特被用于维持艾滋病毒/艾滋病项目的运行。

A further 556.7 million rand was directed toward sustaining HIV and AIDS programs following the withdrawal of some funding from the US.

财政锚定 政府计划将一项基于原则的财政锚定写入法律,以巩固财政稳定。草案立法将随预算一同发布供公众评议,并将于2027年提交议会。

Fiscal Anchor The government plans to write a principles-based fiscal anchor into law to entrench fiscal stability Draft legislation is being released alongside the budget for public comment and will be presented to parliament in 2027.

戈东瓦纳表示,该措施提议将财政可持续性作为一项标准纳入《公共财政管理法》,而非采用僵化的数值规则。

The measure proposes incorporating fiscal sustainability as a standard into the Public Finance Management Act, rather than the adoption of a rigid numerical rule, Godongwana says.

每次大选后,内阁将被要求批准一份财政计划,阐述其目标、战略、主要假设和风险。内阁必须解释其政策选择如何支持财政可持续性,以及任何与该计划存在重大偏离的预算安排。

After each general election, the cabinet will be required to approve a fiscal plan setting out its objectives, strategy, main assumptions and risks. It will have to explain how its policy choices support fiscal sustainability and any material budgetary departures from the plan.

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