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SA budget deficit target seen at 4.2%

Budget

Johannesburg - South African Finance Minister Pravin Gordhan will present his government budget statement to parliament at 2pm on Wednesday.

The median consensus of 17 economists polled by Reuters is for a budget deficit forecast of 4.2 percent of gross domestic product for the 2014/15 fiscal year, which begins on April 1, only slightly wider than the 4.1 percent gap Gordhan forecast in his interim budget in October.

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Cape Town - 101027 - Pravin Gordhan, minister of finance, delivered the Mid Term Budget report today at Parliament in Cape Town - Photo: Matthew Jordaan

Economists expect the Treasury forecast for the current year's shortfall to remain unchanged at 4.2 percent of GDP. - Reuters

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