of the IMF loan during the negotiation stages.
“In total, the government has borrowed more than R90 billion, with 77% of the borrowed money coming from the IMF. This is the biggest political blunder in the history of South Africa.”The party said it was concerning that the government borrowed an amount from the IMF which is double the country’s budget.
“The rest of the funding was provided through reprioritisation process while many programme’s budgets were cut. Yet the government borrowed twice the amount of money allocated in the budget.” The party continued to say that Mboweni was misleading the country by suggesting that the IMF loan had low-interest.
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