FY 2015/2016 - Uganda Multimedia News & Information https://www.weinformers.com Politics, Health, Sceince, Business, Agriculture, Culture, Tourism, Women, Men, Oil, Sports Thu, 28 May 2015 07:04:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 National budget for FY 2015/2016 up 5 trillion https://www.weinformers.com/2015/05/28/national-budget-for-fy-20152016-up-5-trillion/ https://www.weinformers.com/2015/05/28/national-budget-for-fy-20152016-up-5-trillion/#respond Thu, 28 May 2015 07:04:34 +0000 http://www.weinformers.net/?p=41057 The national budget for the financial year 2015/2016 has been hiked from 18.8 trillion shillings to 24.1 trillion shillings. The new proposals in the budget have been tabled before Parliament by the State Minister of Finance in charge of Planning, David Bahati. The chairperson Budget Committee of Parliament, Amos Lugolobi, says that the money added will settle the […]

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]]> The national budget for the financial year 2015/2016 has been hiked from 18.8 trillion shillings to 24.1 trillion shillings. The new proposals in the budget have been tabled before Parliament by the State Minister of Finance in charge of Planning, David Bahati. The chairperson Budget Committee of Parliament, Amos Lugolobi, says that the money added will settle the country’s domestic debts and the rest will go to some sectors which were underfunded.

The new Public Finance Management Act requires Government to disclose outstanding debt so that it is captured in budget.

The budget theme for financial year 2014/2015 was Maintaining the Momentum: Infrastructure Investment for Growth and Social Economic Transformation. Government was committed to developing the Infrastructure sector and Shs 75bn was allocated to the Uganda Road Fund to facilitate the maintenance and rehabilitation of approximately 10,000km of national, district, urban (including Kampala City) roads and community access roads across the country.

 

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