Budget could be P2bn in surplus

Wednesday, May 01, 2013

SACU to provide lion's share of income
Mineral revenues to remain flat
The 2013/14 national budget due for presentation on Monday could contain a welcome P2.1 billion surplus powered by higher than expected revenues from the Southern African Customs Union (SACU), forecasts suggest.

Latest available projections from fiscal authorities, contained in the 2013/14 Budget Strategy Paper, indicate that the modest surplus would arise from revenues of P44.85 billion against expenditure of P42.7 billion.

At that projected level, the surplus would be marginally higher than the P1.15 billion forecast for the 2012/13 financial year.

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Budget could be P2bn in surplus

*SACU to provide lion's share of income*Mineral revenues to remain flatThe 2013/14 national budget due for presentation on Monday could contain a welcome P2.1 billion surplus powered by higher than expected revenues from the Southern African Customs Union (SACU), forecasts suggest.

SACU to provide lion's share of income
Mineral revenues to remain flat
The 2013/14 national budget due for presentation on Monday could contain a welcome P2.1 billion surplus powered by higher than expected revenues from the Southern African Customs Union (SACU), forecasts suggest.