Between 2013 and 2023, South Africa's Domestic General Government Health Expenditure demonstrated variability with periods of both growth and stagnation. Starting from 14.34 units of general government expenditure in 2013, it reached 16.1 units in 2023. Significant years include 2014 with a 4.03% increase and 2021 with a 3.64% increase, contrasted by several years of no growth from 2017 to 2020. The compound annual growth rate (CAGR) over the last five years leading to 2023 stands at 1.04%.
Future forecasts predict a steady yet modest growth in expenditure, reaching 16.64 units by 2028, with a forecasted 5-year CAGR of 0.51%. Key trends to watch include:
- The impact of the economic policy and budgeting strategies on healthcare funding.
- Effect of inflation and other macroeconomic factors on government expenditure.
- Potential shifts due to changes in political leadership and healthcare policies.
- Response to emerging healthcare challenges and pandemics.
