Minister of Finance Hon Matia Kasaija has Tuesday presented the 2022/2023 national budget, totaling Shs 4.813 trillion.
The Government expects to generate up to 30.8 trillion of this money locally, of which 23.75 trillion is expected from tax collections.
Externally, Minister Kasaija said government hopes to generate Shs 6.7 trillion, of which 4.6trillion will be from loans and the rest from grants.
In the budget presented before parliament at the Kololo Independence Grounds, sectors such as security, health, transport saw major increases in allocations for the new financial year.
The Minister for instance allocated Shs 3.9 trillion toward improvement of security and security infrastructure in the country.
This money will be going to securing national borders, purchase of CCTV cameras, pacifying Karamoja sub region among others.
Separately, the Uganda Police Force has been allocated Shs 876billion while the Uganda Prison Service got Shs 308 billion.
Minister Kasaija also apportioned Shs 1.059 trillion toward the implementation of the Parish Development Model.
This money is going directly to the lower local governments to support households’ efforts to graduate from subsistence to commercial farming.
Minister Kasaija said each one of the 10594 parishes in the country will get a revolving fund of Shs 100 million to fund the purchase of agricultural inputs by households still in subsistence.
The Transport Sector, which has perennially taken the lion’s share in previous budget has been allocated Shs 4.3 Trillion.
The money will be going into construction of 400km of new roads, 30 bridges as well as rehabilitation of 900 km district roads and 162 local government roads.
Under this sector, the government will also heavily support the Uganda Airlines which is expected to launch direct flights to London and China in this Financial Year.
The education sector has been allocated Shs 4.14 trillion while the Ministry of Health is taking Shs 3.722 trillion.
Minister Kasaija announced that as Uganda gradually shakes of the Covid19 shocks, the national economy is expected to grow at a rate 6.5% per annum in the medium term, citing some of the key indicators for improved growth such as the Business tendency index which has increased by 20.8% and the Purchasing managers index which increased by 48.8%
