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National Budget Revised, Now Stands At A Whopping Shs.44 Trillion

National Budget Revised, Now Stands At A Whopping Shs.44 Trillion

The 2021/2022 financial year national budget previously stood at shs.41.2 trillion. However, the Ministry of Finance has revised it from that previous total to shs.44.7 trillion. This means that the revised national budget increased by shs3.4 trillion.

According to the revised National Budget allocation, human capital development now takes the lion’s share with Shs7.7 trillion. Followed by governance and security with Shs6.9 trillion. Governance and security had the lion’s share in the initial Budget but it has been slashed by Shs750b. Integrated transport infrastructure and services comes in the third position with Shs5 trillion, up from Shs3.9 trillion.

Others include agro-industrialisation (Shs1.6 trillion), regional development (Shs1.2 trillion), sustainable energy development (Shs1.1 trillion) and development plan implementation (Shs1 trillion).

In the previous budget, the government did not include shs.500 billion for the purchase of the COVID-19 vaccine.

“The money for Covid-19 had not been factored in the previous Budget. By the time we tabled the first Budget on April 1, the Covid-19 vaccine discussions were still underway. Now the government says we should buy our own vaccines,” The acting director for Budget at the ministry of Finance, Mr Kenneth Mugambe, said.

However, despite the allocation of funds for the vaccine, they will still not purchase them until next year, 2022.

Mr Mugambe spoke during the pre-budget training for the Uganda Parliamentary Press Association in Kampala on Friday.

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