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Commenting on the 2017/18 national budget, Museveni said the economy by and large is on the right path despite two challenges of conflict and drought.

President Museveni has said Uganda needs to tap into the educated population and convert them into job creators.

Finance minister Matia Kasaija, while delivering the 2017/18 budget speech in Kampala, says efforts are being made to increase the per capita income from the current 773 dollars to 1,039 dollars, the threshold for lower middle income status.

Reading the 2017/18 national budget, Minister Matia Kasaija says Ugandans are living much better and longer lives compared to the year 2002.

Minister Kasaija has allocated Shillings 300 billion to pay off domestic arrears. Kasaija says international reserves by end of 2016 stood at three billion dollars, equivalent to 4.2 months of import of goods and services.

According to Minister Kasaija, Ugandas economic growth for this concluding financial year is still above the Sub-Saharan Africa average economic growth of 1.5 percent.

Finance minister Matia Kasaija has said Ugandas economic growth has been greatly affected by civil conflicts in the East African region.

Finance Minister Matia Kasaija presents the financial year 2017/18 national budget to Parliament today with Works and Transport taking the highest allocation at 4.8 trillion Shillings. This is followed by Energy and education at 2.4 trillion, Health at 1.8 trillion and Security at 1.4 trillion Shillings among others.

Its just an hour before Finance Minister Matia Kasaija presents the financial year 2017/18 national budget to Parliament. The 2017/2018 budget under the Industrialisation for job creation and shared prosperity is expected to increase to 29 trillion shillings from 26.3 trillion allocated for the ending financial.