According to the estimates, the Ministry of Investments was allocated the lion’s share of 3.973 Billion Shillings. Robert Owagonza, the Kingdom Prime Minister says that the money will be used to start a Television and radio station to streamline communication and earn an income to the kingdom.
According to the Ministry, the reduction is majorly due to failure by Government to realize domestic revenue to support the budget due to the COVID-19 and its effects, but also a U-turn from the loans and grants coming from external sources.
Before the meeting, Members of the East African Legislative Assembly threatened to boycott the sittings over arrears including delayed salaries of three months. The legislators also claim up to USD 2 million for the meetings they have attended online since the pandemic broke out, including USD 400 each as transport and USD 160 for sitting allowance.
Godfrey Kuruhiira, the outgoing Luweero Chief Administrative Officer, says despite the fact that the revenue of the district grew tremendously during his tenure, residents remain in abject poverty because of the mentality of riding on their contribution to the five year NRA War.
Ronald Ndawula the LC 5 Chairman of Luweero district says that the budget was tabled before District Executive Committee and Chief Administrative Officer asked to make reallocation within the budget to realise the money to ensure the activities are done to prevent the disease.
William Komakech, the Kitgum Resident District Commissioner, who is heading the District Locust Task Force, says the budget will help in the purchase of motorised sprayers to facilitate the team heading the locust fight.
Kalangala district has a total of 23 primary schools spread in nine out of the 63 habited islands. It has three secondary schools and two tertiary institutions. But with a population of 5,800 school going children, only 254 children are able to complete primary seven every year on average.
The government, through State Minister for Planning David Bahati, had proposed an allocation of 500 billion Shillings for the capitalization of Bank of Uganda and another 500 billion Shillings as classified expenditure for the Ministry of Defence.
The budget focuses on four main strategic objectives which are enhanced legislative capacity, increased oversight of the PAP, representation of the African people and building institutional capacity of the legislature.
Since the beginning of this last quarter of the Financial Year, councillors have been threatening technocrats over the said smartphones in subsequent meetings vowing that they will not pass the budget until the smartphones are bought.
Introduced in the financial year 2009/2010, the government, in partnership with commercial banks and Micro Deposit Taking Institutions, set up the 60 billion Shillings Agricultural Credit Facility to provide medium and long-term loans to projects engaged in agriculture and agro-processing on more favourable terms than they are usually available from commercial banks.
According to the Acting KCCA Deputy Executive Director, Sam Sserunkuma, the budget framework paper was first submitted to the office of the Accountant General on 8th November. Sserunkuma says KCCA belongs to the accountability sector headed by the Accountant General, Lawrence Semakula who requested them to submit the budget framework paper to his office for review.
Arab Contractors Osman Ahmed Osman Co., the company constructing the USD 24 million 85 Billion Shillings facility estimates that putting up a supportive wall would require over one billion Shillings USD 300,000. The contractors have less than two months to hand over the hospital to the government of Uganda.
Patrick Mweheire, the Chief Executive Officer of Stanbic Bank Uganda, welcomed the fact that expenditure on power generation and roads network would lead to cheaper electricity and passable roads and propel the country to an export-lead economy.
Mbarara Municipality Secretary for Finance Benon Kajubi said that the funds, raised from local revenue will be spent on infrastructural development projects, some of which have been outstanding for a lengthy period. This includes the construction of Katete Bridge, upgrading Kitunzi road and erecting street lights along High street.
The Operation Wealth Creation OWC seed distribution programme will receive close to 300 billion shillings in the financial year 2017/2018. The government also under a pilot project plans to provide fertilizers to ten thousand households using subsidized electronic vouchers at the cost of 14.6 billion shillings.
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.