Finance Minister tables Shs41.2 trillion 2021/2022 budget estimates

By Francis Lubega

13^th April 2021

The Minister of finance, Planning and Economic Development Matia Kasaija has tabled a budget of 41.2 trillion shillings for next financial year 2021/2022.

According to the proposed budget tabled before the parliament’s budget committee by the minister of finance Matia Kasaija, governance and security will take the lions share with 7.7 trillion shillings.

This will be followed by human capital development with 6.8 trillion, integrated transport infrastructure and services will take 3.9 trillion, agro industrialization will take 1.4 trillion, regional development 1.2 trillion shillings.

The budget also shows that domestic refinancing will take 8.5 trillion shillings, domestic arrears 400 billion shillings interest and amortization will take 6.7 trillion shillings.

The minister of finance Matia Kasaija says that in the next financial year they plan to promote inclusive and sustainable growth, accelerate industrialization, and maintain peace and security and human capital development.

In the next financial year’s budget they plan to invest 490 billion shillings to promote the parish model in which the government plans to spend 39 million shillings at every parish to promote inclusive and sustainable growth.

According to the minister, they have decided to bring together all the current funds for development like the youth livelihood fund, the women entrepreneurship program among others and created a parish model which they will use to assist Ugandans develop.

The mps however were not satisfied with the proposed model wondering whether they have not just changed names which made the minister of finance Matia Kasaija to ask to be given until Thursday to bring details on how the new model works.