Johannesburg - South Africa collected more than 776 billion rand revenue in the first 11 months of the 2013/14 fiscal
year, against expenditure of 926 billion rand, Treasury data showed on Friday.
This translated to a budget shortfall of 150 billion rand, compared with a 160 billion rand gap over the same period in 2012/13.
Finance Minister Pravin Gordhan last month forecast a lower budget deficit of 4 percent of GDP for the 2013/14 fiscal year ending March 31, compared with the 4.2 percent shortfall predicted in October last year.
REVENUE February Year to date Pct of Budget estimate/
Fiscal year R'bln R'bln Audited outcome
2013/14 92.353 773.439 88.8%
2012/13 82.183 694.118 88.1%
EXPENDITURE February Year to date Pct of Budget estimate/
Fiscal year R'bln R'bln Audited outcome
2013/14 77.816 926.335 88.3%
2012/13 72.537 853.629 88.6% - Reuters