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WATCH LIVE: Tito Mboweni's Budget Speech 2020

Finance Minister Tito Mboweni is delivering his Budget Speech in the National Assembly.

Finance Minister Tito Mboweni in Parliament for his Budget speech on 26 February 2020. Picture: GCIS.

CAPE TOWN - Finance Minister Tito Mboweni is delivering his Budget Speech in the National Assembly.

WATCH: Budget Speech 2020

Mboweni needs money, but state coffers are bare. The question is where he will find the funds and how much pain that will cause taxpayers.

Shortfalls in revenue collection mean Mboweni will have to announce cuts in government spending, but he must also tread cautiously so as not to affect service delivery.

Big elephants in the room include the public sector wage bill, and funding stricken state-owned entities like Eskom, SAA, SA Express and the SA Post Office.