Uganda to Fund 74.5% of Shs 40.5 Trillion National Budget

Finance Minister, Matia Kasaija.

Uganda’s Minister of Finance, Matia Kasaija is Thursday set to read the 2019/2020 national budget which was approved by Parliament last month.

The total budget amount to Shs 40.5 trillion and is expected to be financed through different avenues.

The country’s tax body, Uganda Revenue Authority (URA) is expected to collect Shs 18 trillion, Shs 1.4 trillion from non-tax revenue, while Shs 445 billion will be raised from Petroleum fund.

A total of Shs 201 billion will be raised from local governments; Shs 8.5 trillion will be from domestic borrowing while Shs 10 trillion will be from external financing.

As such, the country will be able to fund the next year’s budget by 74.5 percent while external funding will be 25.5 percent.

Below is the list of how the different sectors have been allocated funds in the next financial year.

Works and Transport – Shs 6.4 trillion
Defence and Security –  Shs 3.6 trillion
Education – Shs 3.2 trillion
Energy – Shs 2.9 trillion
Health – Shs 2.5 trillion
Local Governments – Shs 2.8 trillion
Water and Environment – Shs 1 trillion
Accountability – Shs 1.9 trillion
Lands, Housing and Urban Development – Shs 193 billion
ICT – Shs 123 billion
Justice, Law and Order Sector – Shs 1.6 trillion
Trade and Industry – Shs 171 billion
Tourism – Shs175 billion
Science and Technology – Shs 159bn
Parliament – Shs 688bn
Debt repayment – Shs 10.6 trillion
Agriculture – Shs 1 trillion
Social Development – Shs 218 billion
Public Administration – Shs 908 billion
Public Sector Management -Shs 789 billion

TOTAL: Shs 40.48 trillion

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