The Uganda national budget for the financial year 2020/21 has shot up by shs 5 trillion from the preceding figure of 40.5 trillion of the F/Y 2019/20. Presented today, June 11 by the Minister of Finance, Hon. Matia Kasaija, the shs 45.4 trillion budget was uncontested and unanimously approved and passed by the tenth parliament presided over by the speaker, Rebecca Kadaga.

SEE ALSO: COVID-19: IMF bails out Museveni with $491.5

According to media reports, the previous budget was largely funded by 74.5% of the revenue which was generated domestically. And back then, loans were not as much as the recent that have arised from the covid pandemic. Government has been rushing to the IMF and world bank to get more loans and so economists anticipate a depression ahead.

Dilapidated UPE schools

Unlike in the previous financial years, this time the president could not physically make it to the August house due to the raging novel Corona virus disease. This year’s budget arises questions with how it has been allocated to non essential sectors like security which has overshadowed health, agriculture and education. Even non productive activities like ministerial travel allowances have not been channelled to the ailing health sector as earlier pledged by government. Below is the budget set up of the Financial year 2020/21

Budget allocations

Uganda: Sectoral allocation in the approved Shs 45 trillion #UGBudget20 1. Works takes Shs 5.8 trillion (13%) 2. Security Shs 4.5 trillion (10%) 3. Interest Payment Shs 4 trillion (9%) 4. Education Shs 3.6 trillion (8%) 5. Health Shs 2.7 trillion (6%)

Source: Ey

Full budget allocation
Spread the love
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Leave a Reply

Your email address will not be published. Required fields are marked *

Don`t copy text!