Home » Breaking News, Uganda News » Uganda to Finance 80% of 2013/2014 National Budget

By Sandra Birungi

Uganda this year is going to finance 80% of its national budget according to the proposed 2013/2014 budget read by the Minister of Finance, Maria Kiwanuka yesterday, Thursday 13th June at the Kampala Serena Hotel.

The theme for the new financial year is, “The Journey Continues: Towards Socio-Economic Transformation for Uganda”. According to Ms. Kiwanuka, the new year will continue to focus on distributing the scarce resources to benefit as required. “The Financial Year 2013/14 Budget, like the one last year, will continue to focus on translating the Government’s strategic priorities into practice over the next year. Scarce resources have must be allocated to reflect key Government strategic priorities within existing resource constraints,” Ms. Kiwanuka said.

Uganda to Finance National BudgetReacting to the new development, the head of the European Union (EU) delegation in Uganda, Dr. Roberto Ridolfi, this was a welcome notion. “Also it (81.1 per cent budget financing by the government) means government does not need a lot of donor support which we development partners welcome with joy,” Dr. Ridolfi said. “If government can continue financing the Budget every year then it is the way to development. (Regarding the suspended donor funding), we are also talking with the government,” he added.

In his address to the delegates who had attended the budget reading, President Museveni noted that the National Resistance Movement (NRM) is good at fighting corruption, voicing his state of the nation address in which he noted that he knows how to fight corruption.

Talking about his take of fighting corruption, Dr. Ridolfi said, “It is good that President Museveni has committed to fighting corruption and to investigate people who stole (Office of the Prime Minister) money. I can see some good progress. If the response by government is a positive one, then the country will grow. This progress in fighting corruption must continue.”