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BREAKING NEWS
Back to the 90s: Government to fund less than 50% of
the Sh 23.9 trillion Budget for 2015/2016
Today 30th May 2015, Parliament through a
special sitting approved Sh 23.9 trillion as total
budget for the next financial year 2015/2016.
This followed the passing of the Appropriation
Bill, 2015 clearing the sh24trillion 2015/16
Budget that will be read on June 11 this year.
Considering that governments total revenue
from both taxes and non-tax revenue is
projected to be sh 11.1trillion, it means,
government will be able to fund next years
budget by only 44.5% and the remaining 55.5%
of the budget money will come from external
and domestic borrowing from the private sector.
The Parliament of Uganda today through a special sitting adhered to the PFMA,
2015 and passed the national budget for the Financial Year 2015/16
Sh 23.9 trillion
Total budget for the next financial year
2015/2016 approved through a special
Parliament sitting held 30th May 2015 approved.
In the Budget, Local Governments in the 112 districts will get a total of Sh 2.1 trillion out of
which Sh 1.8trillion will be for recurrent expenditure and Sh 334.5b for development
expenditure.
In his remarks, while passing the Budget, State Minister Finance, David Bahati said much of
the statutory expenditure Budget will be used in repayment of public debts. He added that
the money will also be used for pension and gratuity as well as votes for the statutory bodies.
The Passing of the Budget on Saturday afternoon meant that Parliament adhered to the May
31 deadline within which it is supposed to have the budget passed. Unlike in the past when
Parliament had a deadline of end of August to approve the budget, the new Public Finance
Management Act, requires Parliament to complete the budget process before end of May to
avoid delays in its implementation.
The President is scheduled to deliver the State of the Nation Address on Thursday, June 4.
The following week on Thursday 11, the Budget Speech will be read.
Development Expenditure
Sh 9.7 Trillion
Statutory Expenditure Sh
7.7trillion
Recurrent Expenditure Sh
According to the budget, the biggest portion of the budget of Sh 6.4trillion will go into public
6.4 Trillion
debt repayment, Sh 3.2 trillion will go to works and transport sector, and Sh 2.7 trillion to the
energy sector. The Education Sector will get Sh 2trillion, Security and Defence will get Sh 1.5trillion, while health will be allocated
sh 1.2trillion.The agriculture sector which is the backbone of Ugandas economy will get only Sh 484.6b.
In 2001, African governments committed themselves to allocating not less than 15% of their national budgets to health. In 2014
through the Maputo protocol, African governments committed to allocating not less than 10% of their national budget to
agriculture