Sorry, you need to enable JavaScript to visit this website.
Skip to main content
Parliament has received a correction to the Budget Estimates leading to an increase in the Budget for the coming financial year.
Parliament has received a correction to the Budget Estimates leading to an increase in the Budget for the coming financial year. Courtesy Photo

National Budget Increases by Shs962 Billion

The changes have now pushed the budget to Shs31.87 trillion from Shs30.91 trillion. 
posted onMay 11, 2018
nocomment

PARLIAMENT. Budget estimates for the financial year 2018/2019 have increased by Shs962 billion, following amendments presented to parliament by the State Minister for Planning David Bahati.

The changes have now pushed the budget to Shs31.87 trillion from Shs30.91 trillion. 

The drivers for the increase largely arise from capturing the Local Government locally generated revenue totaling to Shs158.028 billion. 

The others are the Increase in external financing by Shs776.52 billion arising from Shs43.3 billion under Ministry of Health, Shs509 billion under Ministry of Water and Environment, Shs114.1 billion under Ministry of Science, Technology and Innovation, Shs94.6 billion under Ministry of Defence and Shs15 billion under the Ministry of Finance.

"As you are aware, the Minister of Finance tabled the Draft Budget Estimates for the financial year 2018/2019 in Parliament on March 29, 2018. It has, however, been noted that there are some inadvertent errors and omissions in the draft Annual Budget Estimates for FY 2018/19, a statement addressed to the Clerk of Parliament Jane Kibirige reads. 

It adds that as a result, the Corrigenda to the budget estimates has been prepared to correct the errors and omissions during the on-going Budget approval process.

By URN

Join the conversation

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.