Uganda awaits Kasaija’s Budget speech
In fulfilment of the Constitutional requirement under Article 155 (1) of the Constitution, Finance Minister Matia Kasaijja, is expected, on behalf of the President to deliver to Parliament the country’s budget estimates for the Financial Year 2019/2020.
Much of Kasaija’s national budget speech is already known since Parliament already passed the national budget on May 24.
The approved budget for the 2019/2020 financial year is Shs 40.5 trillion of which more than 25% will be spent on paying Uganda’s growing public debt.
While financial experts including global financiers like the World Bank and International Monetary Fund (IMF) have warned about the ever increasing public debt, the State Minister for Planning David Bahati insists that Uganda’s debt is still within a manageable position.
” Many Ugandans are worried about our debt but I want to say that we are in a comfortable zone,” Bahati said.
Funding Priorities for 2019/2020
- Debt repayment Shs 10.6 trillion
- Works and Transport Shs 6.4 trillion
- Defence and Security Shs 3.6 trillion
- Education Shs 3.2 trillion
- Energy Shs 2.9 trillion
- Local Governments Shs 2.8 trillion
- Health Shs 2.5 trillion
- Accountability Shs 1.9 trillion
- Justice, Law and Order Sector Shs 1.6 trillion
- Agriculture Shs 1 trillion
- Water and Environment Shs 1 trillion
- Public Administration Shs 908 billion
- Public Sector Management Shs 789 billion
- Parliament Shs 688 billion
- Social Development Shs 218 billion
- Lands, Housing and Urban Development Shs 193 billion
- Tourism Shs 175 billion
- Trade and Industry Shs 171 billion
- Science and Technology Shs 159 billion
- ICT Shs 123 billion