parliament

Parliament passes 40.5 trillion budget,works and transport ministry get the lion’s share

By Alice Lubwama
Parliament has passed a 40.5 trillion shillings budget for the next financial year 2019/2020.Next year’s budget is increasing by 20 percent compared to last year’s budget from 33 trillion shillings to 40.5 trillion shillings.

Ministry of Works and Transport takes the biggest share at 6.4trillion, Education 3.2trn while 3.1trillion has been allocated for interest payments.

Ministry of Energy will get 2.9 trillion, Health 2.5 trillion, security 3.6 trillion, Agriculture only one trillion, Justice and law and order sector will have 1.6 trillion, accountability 1.9 trillion.

Some of the ministries had a reduction in their funds and these include water and environment from 1.2 trillion to one trillion, lands and housing from 202 billion to 193 billion , science and technology 184 billion to 159 billion.

The parliament budget committee noted that Domestic and External Financing will constitute 74.5% and 25.5% of the total resource envelop respectively.

In this, the domestic revenue collections will stand at 29.4 trillion while eternal resources will yield 10trillionshillings.

Uganda Revenue authority is expected to collect 18trillion while 1.4trillionwill come from non tax revenue, other money will be attained from the petroleum fund 445bn, local government collections 201bn and domestic borrowing will yield 8.5b

Next year’s budget has had a 20 percent increment compared to last year’s budget from 33 trillion shillings to 40.5 trillion shillings.

In terms of Sect oral allocation, ministry of Works and Transport takes the biggest share at 6.4trn, Education 3.2trn while 3.1trn has been allocated for interest payment Ministry of Energy 2.9 trillion, Health 2.5 trillion, security 3.6 trillion, Agriculture one trillion, Justice and law and order 1.6 trillion, accountability 1.9 trillion.

Some of the ministries have received a reduction in their funds and these include water and environment from 1.2 trillion to one trillion, lands and housing from 202 billion to 193 billion , science and technology 184 billion to 159 billion.

The parliament budget committee notes that the Domestic and External Financing will constitute 74.5% and 25.5% of the total resource envelop respectively.

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