By Charles Dickens
The Parliament of Uganda yesterday passed the national Budget which will be presented to the Ugandans by the 14th of June this year.
According to the state minister for Finance, planning and Economic development (General Duties), Hon. Henry Musasizi, there was an EAC resolve by the Finance Ministers that national budgets be read on 14th June this year with an exception of Kenya.
The new budget of Uganda will largely focus on economic recovery from the 2 year pandemic that largely affected the economies and improving livelihoods of Ugandans through the new government policies like the Parish Development Model.
State minister for Finance, Hon @henrymusasizi1 says he is confident that this year’s budget for FY 2022/23 will mark the beginning of the recovery of this economy.
One of the objectives of the budget for FY 2022/23 is enhancing socioeconomic transformation by redirecting budgetary resources towards wealth and job creation,industrialization,import substitution & export promotion in addition to other areas with high returns on investment.
The Committee of Supply at Parliament of Uganda approved a total budget of Shs48.1trillion for both recurrent and development expenditures for FY 2022/23 and supplied it with no amendments.
This, thus presents a clearer figure for the yet to be read National budget for the financial year 2022/23.