(Refiles to add missing number in headline)
PRETORIA, April 1 (Reuters) – South Africa collected 742.7
billion rand ($96.77 billion)in revenue in the fiscal year ended
March 31, compared with a target of 738.7 billion rand, Finance
Minister Pravin Gordhan said on Sunday.
Gordhan also said the budget deficit for 2011/12 was now
forecast to have narrowed to 4.5 percent of gross domestic
product from a February projection of 4.8 percent.
“The preliminary revenue performance has firmed up the
forecast 2012 budget projections and therefore removes the
requirement for additional borrowing,” Gordhan said in a
statement.
($1 = 7.6745 South African rand)
(Reporting by Stella Mapenzauswa, editing by Ed Stoddard)
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