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Public Finance Management Act, 1999 (Act No. 1 of 1999)

Chapter 8 : Loans, Guarantees and other Commitments

Part 2 : Loans by national government

73. Interest and repayments of loans to be direct charges

 

The following payments in connection with loans are direct charges against the National Revenue Fund:

(a) the repayment of money borrowed by the Minister in terms of section 66(2)(a) or repaid in terms of section 74;
(b) the interest payable on money borrowed; and
(c) any costs associated with such borrowing and approved by the National Treasury.