House Chairperson, this is what we have got in our country; 25 years into democracy and public transport is appalling, school infrastructure is appalling and this is what we have got in our country as well, economic country has been revised down to 0,7% from 1,5% in the February 2018 budget; and unemployment has risen to 37,2% on the expanded figure. This is what we have got in our country.
House Chairperson, it is abundantly clear that our country is braced for deficits and some erosion of fiscal strength in a number of ways. For instance, the budget deficit would jump to 4,2% of the Gross Domestic Product, GDP, in the current year and reach 4,5% in 2020; that is appalling.
Eskom would receive a bailout of R69 billion in three years to come and R150 billion in 10 years to come; that is appalling.
As of now it is estimated that we borrow at least R1,2 billion a day. The government needs to borrow