Bloomberg News

South Africa May Budget Deficit Widens to 24.2 Billion Rand

June 30, 2011

June 30 (Bloomberg) -- South Africa posted a budget deficit of 24.2 billion rand ($3.5 billion) in May, compared with deficit of 20.8 billion rand in the same month a year earlier, the National Treasury said.

Tax revenue increased 9.2 percent to 42.08 billion rand from a year earlier, while expenditure rose 11.6 percent to 66.3 billion rand, the Pretoria-based Treasury said on its website today.

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net


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