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South Africa Debt Crisis, Former Head Of National Treasury Budget Warns

South Africa Debt crisis, the former head of the National Treasury’s budget office, Michael Sachs, has revealed that South Africa's has is having a debt crisis as if they are not even prepared about it.

Because we know that of course it has been a mountain for a very long time and it's not like the ordinary members of the public have never seen this, they will basically borrowing money from the international monetary fund to cover covid 19 issies.

As if the IMF was their mother where they could just rake up debt and not repay it now we have a serious crisis in this country, and this is exactly what many people including the Economic Freedom Fighters have been fighting against.

He has warned that South Africa is facing a debt crisis, the government is always doing this ridiculous thing is knowing very well that the taxpayers are going to be the one who are left with the bill to pay.

It is very shameful and disgusting because at the end of the day the money disappeared out of town, and the taxpayers didn't even see any of it not through Investments not do anything so it's very repulsive.



https://www.news24.com/fin24/economy/government-not-yet-on-safe-ground-from-debt-crisis-michael-sachs-20220525

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Economic Freedom Fighters IMF Michael Sachs National Treasury South Africa

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