South Africa’s budget deficit for January reached 62.68 billion rand ($3.39 billion), a slight increase from 62.42 billion rand in January of the previous year, according to National Treasury data.
In January, South Africa experienced a budget deficit totaling 62.68 billion rand, equivalent to $3.39 billion. This figure reflects an increase from the previous year, where the deficit was recorded at 62.42 billion rand for the same month. The data was released by the National Treasury, highlighting the ongoing fiscal challenges facing the country.
In summary, South Africa’s budget deficit in January rose to 62.68 billion rand, indicating a persistent fiscal imbalance. This increase from the prior year’s deficit underscores the economic pressures the nation is experiencing, as detailed by the National Treasury’s report.
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