The MPs made the decision after the finance committee chairperson, Henry Musasizi recommended that 20 billion shillings be cut from the proposed 140 billion shillings for court awards as proposed in budget for Treasury operations under the Ministry of finance.
The Contingency Fund is meant for emergencies or unexpected outflows, mainly economic and natural crisises. Lugoloobi argues that the Contingency Fund, which is budgeted for under Treasury Operations in the finance ministry, should not only be given to the Ministry of Disaster Preparedness.
In its latest economic outlook report for Uganda after the executive consultations on the country, the IMF says: “One shilling paid for debt service is one shilling less going to a school or a health clinic. The current ratio of interest payments to revenue is comparable to what countries with high risk or in debt distress typically face.”
The agency is housed in a three storey office building along Hannington road, Nakasero. ESO Director General Joseph Ocwet says that although the current office building is surrounded by high rise buildings that do not go well with security protocol, they have been appealing for a new office in vain.
Political parties under the Inter-Party Organisation for Dialogue (IPOD) are set to meet Inspector General of Police, Martin Okoth Ochola to discuss implementation of new Public Order Management Act (POMA) regulations.
Pacifici said that Uganda had improved a lot on infrastructure development and it is now time to address economic development like labour issues, inflation, energy, environmental issues, and markets among others. He also said Government should focus on issues that include culture, skills development, and social protection among others.