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Uganda Finance minister reads 2010/11 budget, says economy improving

The Uganda minister of Finance, planning and economic development, Hon. Syda Bbumba has indicated that the Uganda economy is improving steadily as a result of strategic government interventions aimed at economic growth and development.

Minister Syda Bbumba

Minister Syda Bbumba (EA)

While reading the Uganda 2010/2011 National Budget at Kampala Serena Hotel, the minister says the Uganda economy has grown by 5.8 percent which is a steady progress compared to other African countries.

Bbumba says government strategic investments in agriculture, transport infrastructure, human resource management and government accountability among others helped the economy easily get out of the Global financial crisis of 2008 which affected the country.

She says the Uganda economy in the previous years was also affected by natural calamities like 2008 Eastern Uganda floods, draught, increase in global food and oil prices.

The minister says as a result of strategic government interventions, the Uganda inflation rates have also reduced from 13.9 percent during 2009/2010 budget to 4.4 percent.  

See full budget speech

Ultimate Media

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