SA’s budget deficit smaller than projected
The better-than-expected outcome means the deficit on the consolidated budget could be less than the Treasury’s projection of 14% of GDP
05 May 2021 - 09:44
SA’s main budget deficit for the 2020/2021 fiscal year is smaller than the government projected after spending that undershot estimates and an upside revenue surprise.
SA recorded a shortfall of R551.9bn or 11.2% of GDP, on its main budget for the year to the end of March 2021, the Treasury said in an e-mailed response to questions. That compares with a revised estimate for a gap of 12.3% of GDP that finance minister Tito Mboweni presented on February 24...
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