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Finance minister Matia Kasaija is today expected to present FY 2018/19 Budget on behalf of President Museveni. Courtesy Photo
Finance minister Matia Kasaija is today expected to present FY 2018/19 Budget on behalf of President Museveni. Courtesy Photo

Museveni to Present Shs32trn National Budget Today

In a function meant to mark the 1st sitting of the 3rd Session of the 10th Parliament, Museveni will this afternoon at Kampala Serena Hotel update the nation on the state of the economy, spell out the immediate and medium term strategies that will stimulate the economy and propel Uganda into Middle Income Status.
posted onJune 14, 2018
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By Max Patrick Ocaido

KAMPALA. President Yoweri Museveni will today (Thursday) fulfil his Constitutional mandate to present to Ugandans the annual National Budget for Financial Year 2018/19.

The National Budget estimated at Shs32.7trillion is expected to be presented by the minister for Finance, Planning and Economic Development, Matia Kasaija on behalf of the President.

Unlike previous years where inline minister (Finance) read the budget on behalf of the President, the 2017/18 Financial Year was unique in that Museveni presented it by himself in accordance with Article 155(3) of the Constitution which states that, "The estimates prepared under clause (2) of this article shall be laid before Parliament by the President under clause (1) of this article without revision but with any recommendations that the Government may have on them."

In a function meant to mark the 1st sitting of the 3rd Session of the 10th Parliament, Museveni will this afternoon at Kampala Serena Hotel update the nation on the state of the economy, spell out the immediate and medium term strategies that will stimulate the economy and propel Uganda into Middle Income Status. Museveni will update Parliament on the performance of key selected sectors in financial year 2017/18 Budget, and the priorities for the next financial year and highlight the financial year 2018/19 revenue and expenditure framework and measures to enhance domestic revenue mobilization.

According to Budget committee report for FY 2018/19 that was recently approved by Parliament, the total proposed annual budget for FY 2018/19, as originally submitted to Parliament by the Minister of Finance on 29th March, 2018, amounted to Shs30.9trillion, of which Shs20.7trillion (67.13% to the total) was for appropriation and Shs10.1trillion (32.87% of the total) was for statutory expenditure.

Budget committee report indicates that the annual budget for FY 2018/19 will be at 11.6% above the approved budget for FY 2017/18, which amounted to Shs29trn. Whereas the public debt is expected to increase by 36% according to the Chairperson of the Budget committee Amos Lugoloobi, the economy is expected to grow at 4.6%.

WHO TAKES WHAT?

Sector                      Estimates (in billions)

Treasury Operations         8,664.65

Works & Transport           4,797.69

Education                   3,122.49

Energy & Mineral Devt       2,475.70

Health                      2,359.36

Management                  1,819.99

Security                    2,129.16

Justice Law & Order         1,409.13

Accountability              1,230.51

Agriculture                 914.71

Water &Environment          1,272.23

Public Administration       616.53

Legislature                 459.60

Lands, Housing &Devt        222.35

Social Development          209.38

ICT & National Guidance     181.07

Trade & Industry            158.29

Tourism                     118.31

Science & Technology        209.31

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