Mboweni must present detailed debt management plan - DA
The Democratic Alliance (DA) says Treasury needs to come up with a detailed debt management plan as part of its measures to deal with the economic impact of Covid-19.
The party held a media briefing on Monday ahead of Finance Minister Tito Mboweni’s supplementary budget.
Mboweni is expected to table the budget in the National Assembly on Wednesday.
"The only available option is a very careful deployment of debt to fund the crisis response, while still ensuring economic reform that can spur growth," said DA MP Geordin Hill-Lewis.
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The party says leaked Treasury documents estimated that debt will reach 113.8% of the country's GDP by 2028.
"Achieving growth will require cutting the public sector wage bill, selling or shutting down SOE's that are not viable such as SAA, ending Eskom's monopoly and opening the market to competition," added Hill-Lewis.
The DA again called on the government to abandon its policy of expropriation of land without compensation.