Finance tables Shs18tn budget


Minister Kajara appearing before the MPs


Government has tabled the budget frame work paper for the 2015/2016 financial year to the tune of shillings 18 trillion.

This means an increase of UGX 3 trillion compared shillings 15 Trillion this financial year.

While tabling the budget frame work paper before parliament yesterday afternoon the finance state minister, Aston Kajara noted that, government expects to generate shillings 12.4 trillion from domestic taxes and raise shillings 5.5 trillion from external sources.

Kajara explained that the budget has been drawn in line with Vision 2040, National Development Plan and the road map of the 2016 general elections.

He said the priorities of the budget are to improve the standards of living of all Ugandans through maintenance of national security; facilitating private sector investment and delivery of infrastructure, among others.

Kajara said in the next Budget, government will focus on removing constraints that impede socio-economic transformation and prosperity as identified in the National Development Plan and NRM Manifesto to spur economic growth.

Ugandans are expected to finance 87 per cent of the Budget, representing Shs12.49 trillion with external sources contributing Shs5.54 trillion.

While government did not disclose specific new tax measures, the documents shows that such measures would yield Shs460 billion.

However, the minister came under fire from Parliament for alleged failure to beat the December 31, 2014 deadline, when the ministry was expected to submit the ministerial policy statements to be scrutinized by the committees.

Prime Minister, Dr Ruhakana Rugunda, said there was a technical hitch that affected all ministries hence the delay.

The Deputy speaker Jacob Oulanyah noted that, the committees will be constrained by time since they have a month to consider and approve the budget by May 31, 2015.

According to shadow finance minister, Geoffrey Ekanya, the Budget Framework Paper tabled in Parliament seeks to appease voters with populist proposals such as a more generous tax regime for the poor without necessarily reducing the gap between the rich and the poor.


Theinsider Uganda is a news publishing website. We are located at Suite G25 Metroplex Shopping mall, Naalya Kampala Uganda.
Enter ad code here

Copyright © 2016 Theinsider Uganda. Unearthing the truth

To Top