The Minister of Finance, Planning, and Economic Development Hon Matia Kasaija on Tuesday presented the Shs 48.13 trillion 2022/23 National budget with Transport, Security, PDM, and Education among the sectors with the biggest shares.
In the function held at Kololo ceremonial grounds in Kampala, this year’s National budget ran under the theme; ” Full Monetisation of Uganda’s Economy through Commercial Agriculture, Industrialisation, Expanding and Broadening Services, Digital Transformation and Market Access.”
According to the Minister, this theme summarises the National Budget Strategy and the priorities and is in line with that of the East African Community (EAC) which is “accelerating economic recovery and enhancing productive sectors for improved livelihood”
In an insight view of the budget, Uganda’s GDP per capita increased to USD 1,046 (Shs3.7 million) per person per year, while the size of the economy expanded to Shs162.1 trillion (USD 45.7 billion).
But during Kasaija’s speech, he never confirmed the middle income status recently approved by Museveni in his state of the nation address. This prompted Museveni to question why the Finance Minister had left out that vital aspect
SEE ALSO: Museveni to declare Uganda a middle income economy in today’s address
Budget allocations FY2022/23
Shs3.897 trillion improvement of security and security infrastructure
Shs1.059 trillion for Parish Development model
Shs1.432 trillion for Justice, law, and order
Shs381.6 billion judiciary
Shs95 billion for DPP
Shs876.4 billion for Uganda Police
Shs308.7 billion for Uganda Prisons Service
Shs79.4 billion for the office of the IGG
Shs628 billion to mitigate climate change
Shs564.39 billion boost agriculture production
Shs1.449 trillion agro industrialisation, standards and market entry
Shs194.7 billion tourism
Shs904.1 billion development and commercialisation of minerals, oil and gas
Shs1.027 trillion water and environment sub programme
Shs4.14 education and skilling
Shs274.4 billion advancing innovation
Shs4.3 trillion transport and infrastructure
Shs1.573 trillion power infrastructure
Shs124.2 billion digitalisation
Shs495 billion salaries of medical workers, scientists and science teachers
Shs5.1 trillion decentralisation, funding local government