Finance Minister Enoch Godongwana says the R11-billion Development Policy Loan, recently obtained the from the World Bank, has been obtained under very favourable conditions.

The Minister says the loan would help the country service its current budget deficit.

During a Parliamentary briefing earlier today, Godongwana said Government needs to raise around R630-billion to service its budgetary obligations.

He says Government is raising funds from various sources.

Follow the full Parliamentary briefing here.

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