JOHANNESBURG – South Africa’s budget deficit widened to R21.79 billion in November, the eighth month of the 2015/16 financial year, compared with a R18.42 billion shortfall for the same month a year earlier, data from the Treasury showed on Wednesday.
The table below shows revenue and expenditure for November, compared with the same month last year. Revenue and expenditure for the fiscal year to date are also expressed as a percentage of the 2015/16 budget forecast and the audited outcome for 2014/15.
|
Revenue |
November |
Yr-to-date |
% of budget estimate |
|
Fiscal year |
R’bln |
R’bln |
Audited outcome |
|
2015/16 |
75.219 |
627.145 |
58.5 |
|
2014/15 |
72.848 |
564.692 |
58.9 |
|
Expenditure |
November |
Yr-to-date |
% of budget estimate |
|
Fiscal year |
R’bln |
R’bln |
Audited outcome |
|
2015/16 |
97.012 |
796.659 |
64.0 |
|
2014/15 |
91.269 |
729.448 |
64.5 |
COMMENTS 1
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The revenue increase of 11% so far in the tax year shows that actual inflation is higher than 11% and not the 5% official inflation rate!
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