The Ministry of Finance, Planning and Economic Development, has launched the National Budget Month for the FY 2024/25.
Speaking at the launch the PSST, Ramathan Ggoobi, revealed the key priority areas in the Budget for FY 2024/25
i. Investing in the people of Uganda through Human Capital Development;
ii. Peace and Security;
iii. Construction of the Standard Gauge and Metre Gauge Railways;
iv. Investing in wealth creation initiatives such as Parish Development Model, Emyooga, Agriculture Credit Facility, Microfinance Support Centre, State House youth support projects;
v. Maintenance of the existing infrastructure;
vi. Science technology and innovation to propel the Knowledge Economy; among others.
He noted that the above priorities are in support of the key growth drivers that have been identified to grow the economy ten-fold, namely: Agro-Industrialization, Tourism Development, Mineral-based Industrial Development including Oil and Gas Development (including petrochemical industries); and, Science, Technology and innovation – the knowledge economy,
Ggoobi noted that by implementing the above, Government shall continue to focus on increasing revenue generation, controlling borrowing and ensuring efficiency and effectiveness in use of the limited resources at its disposal.
National Budget Month
He noted that the month is purposed to Provide full disclosure of the budget content;
b) Explain in simple language what the budget entails;
c) Account to the people of Uganda about earlier commitments; and,
d) Obtain feedback from the citizens to inform future budgets and policies.
The State Minister for Investment, Evelyn Anite noted that all governments policies are implemented to improve the wellbeing of their citizens and this can only be achieved through ensuring governance in the entire budget process which ensures no one is left behind.
She noted that The government believes in good practice to bring the budget to the people with discussions on current issues that are of interest to the citizens.
