Eyewitness  News
  • Home
Monday, February 6, 2023
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News
No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News
No Result
View All Result
Eyewitness  News
No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News
Home ECONOMY

Parliament approves Shs48.1tn Budget for FY2022/23

May 21, 2022
in ECONOMY
Reading Time: 2 mins read
0
Share on FacebookShare on Twitter

Parliament approves Shs48.1tn Budget for FY2022/23

Got to Borrow Sh19.7tn, Domestic Revenue to raise 25.5tn

Parliament has passed the 2022/2023 financial year budget of Shs48.1tn with an Increment of Shs5tn compared to the current financial year 2021/2022

The government projects to borrow up to Shs19.7tn to finance the Budget.  Human Capital Development , security and governance have taken the lion share.

The budget proposal for financial Year 2022/23 which was initially quoted at Shs47.25tn has been revised by an increment of Shs879.7bn and shoot to Shs48.13tn

According to the minister of state for finance Henry Musasizi the budget is going to be financed by domestic revenue collections projected at 25.54tn. This is an Increment of Shs3.12tn compared to the Shs22.42tn of the current financial year 2021/22

The projected borrowing in Financial Year 2022/23 has increased from 18.85tn to 19.7tn.

Of the Proposed Budget Shs34.04tn which translates 71% of the proposed budget is projected for  Recurrent expenditures while Development  Expenditures are projected. to amount Shs14.08tn which translates to 29%

Budget Support grants are projected to increase from Shs1.36tn in the current financial year to Shs2.090tn in FY 2022/23

The Human capital development program which has sectors like  education, health and gender sector has been allocated the lion share with Sh8.7 trillion an increase from the current financial year’s budget of 7.5 trillion.

This will be followed by the security and governance at Shs7tn, integrated transport and infrastructure services at Sh4.1th Agro industrialization at 1.2tn  shillings, Private Sector Development 1.59 trillion, Development Plan Implementation 1.23 trillion and Regional Balanced Development 1.19 trillion.

Others are  Legislation, Oversight and Representation 724.6 billion, Natural Resources, Environment, Climate Change, Land and Water 617.4 billion, Administration of Justice 393.5 billion, Manufacturing 352.8 billion, Sustainable Urbanization and Housing 344.2 billion and Public Sector Transformation 206.2 billion shillings.

The least funded programs are Tourism Development 197.1 billion, Digital Transformation 83.13 billion, Community Mobilization and Mindset Change 73.4 billion, Mineral Development 31.2 billion and Innovation, Technology Development and Transfer 20.73billion.

However some MPs questioned allocation of Shs82bn for construction of roads in Democratic Republic of Congo when many roads in the country are limping.

The Parish Development Model has been allocated Shs1tn

 

Previous Post

MP Mamawi Petitions Govt Over Zoka Forest Depletion

Next Post

CSBAG Weighs in on  2022/23 FY Budget For Human Capital Development.

Related Posts

Gov’t Tables 49.9 Trillion Budget Framework Paper
ECONOMY

Gov’t Tables 49.9 Trillion Budget Framework Paper For 2023/2024

December 24, 2022
0

The government has tabled the national budget framework paper totaling Shs49.9 trillion for the 2023/2024 financial year. The document was...

Read more
Min. Kasaija Renews Hope for South Sudan Claimants.

Min. Kasaija Renews Hope for South Sudan Claimants.

November 4, 2022
Parliament Clears Govt To Borrow Shs1.73tn

Parliament Clears Govt To Borrow Shs1.73tn

November 4, 2022
Uganda to Shift Trade Route To TZ as Kenya Heads For Polls

Govt Requests To Borrow 1.73TN For Budget Support

October 31, 2022
KACITA Petitions Parliament over Bad Economic Situation

KACITA Petitions Parliament over Bad Economic Situation

September 28, 2022
MPs Support UBOS Proposal to Halt its Full Rollout

MPs Support UBOS Proposal to Halt its Full Rollout

July 27, 2022
Next Post
CSBAG Weighs in on  2022/23 FY Budget For Human Capital Development.

CSBAG Weighs in on  2022/23 FY Budget For Human Capital Development.

Namugongo  Heats Up For Martyrs Day

Namugongo  Heats Up For Martyrs Day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
UWOPA Launches Five-Year Strategic Plan

UWOPA Launches Five-Year Strategic Plan

February 6, 2023
Speaker Among Rallies  MPs To Save

Speaker Among Rallies  MPs To Save

February 4, 2023
Provide Pro-Bono Services To Girls MP-Urges Judiciary

Provide Pro-Bono Services To Girls MP-Urges Judiciary

February 2, 2023
Delivery of Essential Medicines Resumes

Delivery of Essential Medicines Resumes

February 2, 2023

Recent News

UWOPA Launches Five-Year Strategic Plan

UWOPA Launches Five-Year Strategic Plan

February 6, 2023
Speaker Among Rallies  MPs To Save

Speaker Among Rallies  MPs To Save

February 4, 2023
Provide Pro-Bono Services To Girls MP-Urges Judiciary

Provide Pro-Bono Services To Girls MP-Urges Judiciary

February 2, 2023
Delivery of Essential Medicines Resumes

Delivery of Essential Medicines Resumes

February 2, 2023

Eyewitnessug.com is Licensed by Uganda Communications Commission (UCC) Under Dominion Media Limited.

Dominion Media Limited is registered by Uganda Revenue Authority.

For Advertisement Reach out to Marketing Department via.
Email: [email protected]

Contact us through our Postal Address.
P.O.BOX 21157 Kampala-Uganda.

Browse by Category

  • Agiriculture
  • Agriculture
  • Business
  • Development
  • Diplomacy
  • ECONOMY
  • Editor's Pick
  • Education
  • Entertainment & Arts
  • Enviroment
  • Faith
  • Feature News
  • Governance
  • Health
  • International
  • Latest News
  • obituary
  • Opinion
  • Politics
  • Politics
  • Security
  • Social
  • Sports
  • Technology
  • Tourism

Recent News

UWOPA Launches Five-Year Strategic Plan

UWOPA Launches Five-Year Strategic Plan

February 6, 2023
Speaker Among Rallies  MPs To Save

Speaker Among Rallies  MPs To Save

February 4, 2023
  • Home

© 2021 Allrights Reserved EYEWITNESS NEWS UGANDA

No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News

© 2021 Allrights Reserved EYEWITNESS NEWS UGANDA

error: Content is protected !!