Economy News Headlines - Yahoo! News: S.Africa 2013 budget deficit seen at 4.6 pct of GDP

Economy News Headlines - Yahoo! News Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.

S.Africa 2013 budget deficit seen at 4.6 pct of GDP Feb 27th 2013, 13:18 CAPE TOWN (Reuters) - South Africa expects its budget deficit to widen further than previously thought in the current fiscal year ending in March as disruptions in the mining sector add to already subdued economic growth, Finance Minister Pravin Gordhan said on Wednesday. In his three-year budget tabled to parliament, Gordhan said previous deficit estimates for the years to 2015/16 had also had to be raised as revenue collection from companies and individuals is expected to underperform. Gordhan said the budget deficit for 2013/14 would be 4.6 percent of GDP, a shade lower than 4. ... Media files: 2013-02-27T132159Z_1_AJOE91Q114O00_RTROPTP_2_OZABS-SAFRICA-BUDGET-DEFICIT-20130227.JPG (image/jpeg)

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