Bloomberg News

South Africa November Monthly Budget Deficit 28.6 Billion Rand

December 30, 2011

Dec. 30 (Bloomberg) -- South Africa posted a budget deficit of 28.6 billion rand ($3.53 billion) in November, the National Treasury said.

Government revenue was 50.8 billion rand last month, while spending reached 79.4 billion rand, the Pretoria-based Treasury said in a statement on its website today.

The budget deficit for the first eight months of the fiscal year widened to 142.2 billion rand from 135 billion rand in the same period a year ago, according to the statement.

--Editors: Paul Richardson.

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net.


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