JOHANNESBURG, Dec 30 (Reuters) - South Africa's budget
deficit was wider at 142.206 billion rand ($17.36 billion)in the
first eight months of the 2011/12 financial year compared with a
135.046 billion rand shortfall in the same period last year,
data showed on Friday.
The National Treasury said in a statement posted on its
website revenue amounted to nearly 425 billion rand in
April-November against expenditure of about 567 billion rand.
The government collected slightly over 388 billion rand in
revenue during the same period in 2010/11 while expenditure came
to 524 billion rand.
In its three-year medium term fiscal framework in October,
the National Treasury said the budget deficit for the 2011/12
financial year would widen to 5.5 percent of gross domestic
product from 5.0 percent in the previous year.
This was slightly wider than the 5.3 percent deficit
forecast in February for the 2011/12 year.
REVENUE
Nov Yr-to-date % of Revised estimate/
Fiscal year R'bln R'bln Audited Outcome
2011/12 50.825 424.762 59.1%
2010/11 43.562 388.462 58.0%
EXPENDITURE
Nov Yr-to-date % of Revised estimate/
Fiscal year R'bln R'bln Audited Outcome
2011/12 79.407 566.968 63.8%
2010/11 70.534 523.508 65.0%
($1 = 8.1900 South African rand)
(Reporting by Stella Mapenzauswa)
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