By Vuyani Ndaba
JOHANNESBURG (Reuters) – South Africa’s Treasury is on course to halve its consolidated budget deficit following healthy corporate tax collections that were boosted by firmer commodity prices earlier this year, a Reuters poll forecast on Tuesday.
In a Nov. 4-8 poll, the budget deficit was expected to narrow to 6.8% of gross domestic product for the year that began on March 1, to 6.3% next year and to 5.6% of GDP in 2023/24.In February, the Treasury had said its 2020/21 consolidated budget deficit was projected at 14.0% of GDP, compared with 15.7% of GDP forecast in October last […]
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