Home » Breaking News, Uganda News » Parliament Approves Shs 4.4 Trillion as Vote on Account

By Our Reporter

Parliament has approved the Vote on Account authorizing government to spend UShs 4.46 trillion during the first four months of the new financial year.

The Vote on Account is a fraction of the National Budget, approved by Parliament to allow government spend on its activities before the final budget is approved. It is one third of the total budget and covers the months July, August, September and October.

Parliament budget

Government’s initial request for Parliament to approve up to Shs 7 trillion stalled on Tuesday, June 24, when legislators realized it was above 30 percent of the total National Budget, contrary to what is provided by the law. The Motion was then deferred for consideration on Thursday, June 25, 2014.

The Minister of State for Finance (Privatisation), Hon. Aston Kajara (NRM, Mwenge South) said it is not likely that the National Budget will be approved by the end of the current 2013/2014 financial year, hence, “it is necessary that the President authorizes the issue of monies from the Consolidated Fund for the purposes of meeting expenditures necessary to carry out the services of Government.”

The Vote on Account covers the Central Government, Referral Hospitals, Missions Abroad as well as Local Governments.