Mboweni delivered a Budget with tight spending space, high debt service costs, poor revenue collection and an increasing deficit.
But opposition parties said Mboweni should have added more eggs to his Budget basket with increased spending on social issues.
This was after Mboweni announced that Eskom will get R23billion a yearallocated over three years to the tune of R69bn. But he warned they will closely monitor Eskom’s functioning. He said there was no free lunch and Eskom will have to be supervised by an independent chief reorganisation officer.
“When I was (at a private sector company) the banks literally took the keys away from us and installed a chief restructuring officer. The chief reorganisation officer is not to work against the board or the chief executive. There is no free lunch here,” he said.