The Private Sector Foundation (PSF) and Civil Society Organisations (CSOs) have hailed Government for passing a realistic budget saying it reflects Ugandas current situation and looks at reviving vital sectors.
The Private Sector Foundation and Civil Society Organisations have welcomed the budget saying it reflects Uganda’s current situation
and looks at reviving vital sectors.
On Thursday, the Minister for Finance, Matia Kasaija passed 45 trillion
shillings budget for the 2020/2012 financial year.
Dr Elly Karuhanga, the chairperson Private Sector Foundation, says that the government adopted most
of the recommendations from experts including capitalizing the Uganda Development Bank. He, however, says that implementation could be a
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Julius Mukunda, the Executive Director Civil Society Budget Advocacy Group
(CSBAG) says that he is happy that the budget highlights plans of supporting
businesses that were affected by COVID-19.
He also says that the recapitalization of UDB will go a long way
in helping entrepreneurs to access cheap credit for their businesses.
Julius Kapwepwe, the Executive Director Uganda Debt Network says
the budget is very indicative of the Presidents wish to see the country’s
He, however, says that the Government should have invested more in
Kapwepwe also says that although President capitalizes UDB for major
players, the Government needed to capitalize SACCOs and support institutions
like the Microfinance support centre.