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DA: Mboweni Admits R70 Billion IMF Loan ‘Could Be Used For Salary Payments’

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STAFF REPORTER

THE DA has slammed Minister of Finance Tito Mboweni’s decision to use some of the International Monetary Fund (IMF) loan to pay the salaries of government employees.

Mboweni’s intention to spend the loan money on salaries became public on Friday after the DA submitted a parliamentary question relating to the R70 billion IMF loan granted to South Africa in July.

In a statement, DA MP and Shadow Minister for Public Service and Administration Leon Schreiber said Mboweni appears to have abandoned the position he took in his February Budget presentation to rationalise the unsustainable public wage bill, and was now willing to use debt to finance salary payments to government employees.

Earlier, Mboweni, responding to a parliamentary question on whether any portion of the $4.3 billion loan granted to South Africa by the IMF will be used to pay the salaries of public servants, conceded that “the loan

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