Uganda’s Finance Minister, Matia Kasaija (pictured) Tuesday tabled before Parliament a Shs41.2 trillion budget for 2021/22 Financial Year.
The proposed budget tabled before Parliament’s Budget Committee shows that governance and security will take the highest share with Shs7.7 trillion.
These will be followed by human capital development with Shs6.8 trillion , integrated transport infrastructure and services will take share Shs3.9 trillion, agro- industrialization will take Shs1.4 trillion while regional development will share Shs1.2 trillion.
The budget also shows that domestic refinancing will take Shs8.5 trillion, interest and amortization will take Shs6.7 trillion .
Kasaija says that in the next financial year, Government plans to promote inclusive and sustainable growth, accelerate industrialization, and maintain peace and security in addition to promoting human capital development.
In the next financial year’s budget, Government plans to invest Shs490bn to promote the parish model in which the government plans to spend Shs39m at every parish to promote inclusive and sustainable growth.
According to Kasaija, they have decided to bring together all the current funds for development like the youth livelihood fund, the women entrepreneurship program among others to the parish level which will help transform farmers from subsistence to commercial production.
MPs were however not satisfied with the proposed Parish model wondering whether they have not just changed names which made the minister Kasaija to ask to be given until Thursday to bring details on how the new model will work.
