Uganda Parliament passes UGX45.5 trillion budget for FY 2020/2021The 2020/21 is 12.3% bigger than the UGX40.5 trillion 2019/20 budget. Security and Health have received significant boosts, while works and transport; energy and minerals sectors have taken a significant budget cut.
Although the budget was passed in record time, MPs recommended that the government reviews and revises the National Budget for the financial year 2020/2021 after the full effect of the COVID-19 on the economy is ascertained. They also urged government to halt all wasteful expenditures and to prioritise strengthening revenue mobilization, which have stagnated at below 16% of GDP for the past years.
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Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.