Sierra Leone sees 2011 deficit at 5.7 pct

FREETOWN, Nov 12 (Reuters) - Sierra Leone's budget deficit will hit 5.7 percent of gross domestic product next year, the West African country's mining minister told parliament on Friday as he unveiled the 2011 budget. Samura Kamara also announced a reduction in the rate of corporate tax payable by mining companies to 30 percent from 37.5 percent previously. In absolute terms, the 2011 budget deficit is forecast to amount to 492.1 billion leones ($120 million) compared to 334.5 billion leones for the full year of 2010, he said. (For more Reuters Africa coverage and to have your say on the top issues, visit: $1 = 4156 leones Keywords: SIERRALEONE BUDGET/DEFICIT (Reporting by Simon Akam; editing by Mark John;; Dakar Newsroom +221 33 864 5076) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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