Uganda presents a Kshs438billion Budget

Uganda’s fiscal year 2013/14 was set in line with the current global economy that according to finance Minister Maria Kiwanuka, GDP grossly impacted in the drafting of the fiscal expenditures. In her speech, Kiwanuka said ‘the framework has been developed in line with the recent trends in the domestic, regional and international economy.’

She farther added that the framework has been impacted by GDP sluggish recovery of the global economy, the performance of domestic revenues and expected level of external support from development partners.

Important points to note are as follows, the Uganda Government roots to fund the budget locally amounting 81.1% representing Ugsh10,509billion while it expects Ugsh2,660 billion in external aid representing close to 20% of the total Budget in the FY2013/14.

However the Treasury projects that the Taxman is expected to remit UShs8,486bn in form of taxes and Non-Tax Revenues of UShs275bn in addition projecting it at Ugsh8,761 representing 83.37% of the total domestic financing input.

According to the Minister the financial year 2013/14 will register total resource inflows of Shs 13,169bn (Ksh438.97billion) where the allotment is Taxman Ushs8,486bn (taxes), Ush275 (Non-Tax revenues) and Ush708bn (Government securities).

Unlike Kenya which registered little  foreign aid Uganda will in the FY2013/14 get external financing of the Budget of Ushs2,660bn (Kes88.67billion) compared to the confirmed Kes67.4billion (ush2022billion) and will be divided into 91.99% will be on project representing ush2,447 while Ush213billion (8.01%) would be channeled to Budgetary support.

The treasury underscored that the external aid on projects had increased by Ush234 billion representing (10.57%) compared with Ush2,213 of the FY2012/13 ending on June 30.

The finance Minister farther said, “The resources available to finance discretionary Government expenditure next year, therefore amount to Ushs 9,498bn, excluding project aid and statutory external and domestic debt repayments which amount to Shs 2,695bn. The total resources available for discretionary Government expenditure next financial year represent an additional Shs 1,427bn above the level in the year now ending.”

She farther said that the sector performance over this year serves as a basis for priorities for next year. Due to the fragility of the Ugandan economy the minister farther noted that progress of setting priorities has contributed to economic recovery significantly. However the only challenge remains that of increasing prices and volatile exchange rates that Uganda and the East African region.

The Treasury farther reported that in realization of the annual constraints the Financial Year 2013/14 Budget will continue prioritizing the creation of an enabling environment for growth, development and socio-economic transformation.

Kiwanuka categorically assured Uganda parliament that she understands the Sector priorities to achieving these goals. she reaffirmed that the government shall aggressively continue to invest in infrastructure development particularly in Transport and Energy; Support Increased Agricultural production and enhancing productivity; Enhance Scientific Innovation for Industrialization and Private Sector Competitiveness; Improve the Quality and Access in Social Service Provision in Health Water and Education; and Enhance Transparency and Accountability to improve Value for Money and fight Corruption vigorously in Public Service Delivery.

Unlike Kenya which registered a huge deficit of Ush10,707, Kiwanuka’s budget was lean and was not ambitious as that of Kenya.

 

 

 

 

Comments

Post a Comment

Popular posts from this blog

Why We Need Advocacy Journalism in Africa

Image
                                                                                                   Tweet When one mentions the term journalism, some wonder what that actually means. Is it the content that makes you a journalist? Is it your take on the contemporary issues that guarantees you to be referred to as ‘Journalist’? Well I refresh my mind back in 2006. By then I was in Form 2 in Machakos school, I bet it is still the best school in Eastern Province. The politics, constitutionalism and regional integration filled the air… as a young man of 16 years I could not make out what that actually meant for us, and by the ‘us’ I mean the so-called future leaders. Felix Kilonzo- Mku studios I dropped the idea of pursuing the Bio-Chemistry dream and deviated fully to the Journalism field and 7 years on, I am yet to see the entire ship. Talking of a process, I d o remember my Mathematics teacher back in the days. She used to say life is like a normal distribution curve or simpl
Read more

Parties have hard options as parties in CORD have 1 day to go

Parties within the coalition on reforms and democracy and those affiliated to the Jubilee coalitions are expected to conduct the primaries on Thursday in compliance with the parties act. In the lower eastern province Wiper Democratic Movement allied politicians have intensified their own campaigns to woo party members to vote for them in the coming party nomination. In Machakos Town in Machakos County, the gubernatorial position has attracted 2 major candidates who are former government officials. Former Water Minister, Mutua Katuku will face it off with former government spokesman Dr. Alfred Mutua in the wiper democratic movement. In the women representative MP, Maendeleo ya wanawake chairlady Mary Mutinga will face it off with a Machakos based medical doctor Dr. Susan Musyoka for the wiper ticket. Dr. Musyoka tried to vie for the Machakos Town constituency seat but came a distance 5 th and now she is set to battle it out with Mary Mutinga for the newly created Women represe
Read more

Uhuru Kenyatta Cant Implement Land Reforms

Image
President Kenyatta Due to public demand, Felix Kilonzo will for the first time break the silence over the TJRC report that was released by the commission to unmask the historical injustices that has affected the country since 1963. Although my silence adversely comes about due to the report’s sensitivity and its tall orders and revisiting what I call the land reforms which I term as a mere joke of our time. The report in paragraph 199 says “During Kenyatta’s administration at independence and for several years thereafter, illegal dealings in land which left many individuals, families and communities landless and land-scarce took many forms.” The intro to the land alienation that existed after the independence that my grandparents fought for indiscriminately was confirmed that the 90% of Kenya is managed by 5% of Kenyans and not through transparent forms but through ill gotten wealth and abuse of office. The report says, “They [Kenyatta administration] included outright land
Read more