. The GDP growth is lower than the 2011 National Budget forecast and is expected to remain moderate; it is thus expected to be 3.1 per cent in the 2011/12 financial year and 3.4 per cent in the 2012/13 financial year. Furthermore, the Committees observed that revenue collection has not yet recovered and the economic outlook is uncertain. The deficit of 5.5 per cent of GDP projected for this year, moderating at about 3.3 per cent over the MTEF;