Parliament yesterday passed the National Budget Framework Paper which
projects a budget of Shs 39 trillion for the financial year 2020/2021.
This will be Shs 5 trillion more than last year’s budget which stood at Shs 34 trillion.
to the State Minister for Economic Planning David Bahati, this budget
will focus more on service delivery, infrastructural development in
addition to the general election of 2021.
Bahati said no amount will be generated from the Petroleum Fund to finance the budget.
disclosed that sources of financing as Shs 21.7 trillion from non-tax
revenue; Shs 951 billion budget support while Shs 10.4 trillion will be
projected revenue among other sources as he explains.
MPs expressed concern that Uganda’s national debt had inc...