Cape Town - The African National Congress (ANC) government has racked up R75.6 billion in irregular, fruitless, and wasteful spending in the 2017/18 financial year, the Democratic Alliance said on Sunday.
DA chief whip John Steenhuisen and DA shadow minister of public enterprises Natasha Mazzone told journalists at parliament in Cape Town that the DA had analysed the 2017/18 annual reports of government departments and selected entities tabled in parliament.
"Our analysis reveals a shocking level of financial mismanagement and wasted funds by the failing ANC government," they said.
Total irregular expenditure - spending not properly managed and sometimes an indicator of corruption - had reached a staggering level of R72.6 billion. The composite analysis compiled last year by the DA revealed that total irregular expenditure across all departments and entities stood at R42.8 billion.
The figure for the most recent year was double what was incurred in the previous year and did not include all departments and entities as some had yet to table their report, they said.