National Treasury to trim budget deficits further on mining royalties

South Africa's National Treasury will have a narrower budget deficit in 2022/23 than it earlier assumed, continuing to be trimmed over the next three years thanks to buoyant mining receipts, a Reuters poll found on Friday. In a review of finances due to be announced next week in parliament - the Treasury found itself again in a sweet spot of bumper commodity prices, which were softening but still good enough to boost revenues amid wage negotiations.

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