Masondo has told Parliament that the government is well aware of the risk of the fluctuating exchange rate, and continued borrowing is not sustainable.“We are borrowing and, unfortunately, some of it goes to debt and it is for that reason we have to do all we can to avoid debt, avoid borrowing, and we can only do so if we grow the economy," Masondo said.
"Growing the economy is the only sustainable way of running our public finances, dealing with unemployment. If we don’t grow our economy I’m afraid we will eventually have to borrow money and that is when our sovereignty will be taken away.”
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