The national budget for the forthcoming financial year of 2021/2022 has been revised upwards to sh44.7 trillion, from the earlier figure of sh41.3trillion which the finance ministry presented to parliament at the end of March.
According to the budget documents the finance minister, Matia Kasija, presented to parliament on Monday, the government has acquired additional resources of sh3.4trillion the bulk of which (sh2.8trillion) is from additional external financing.
The additional budget of sh3.4trillion includes sh110b which has been earmarked for vehicles for the Members of the next parliament which starts in the second half of next month.
Other notable additional funds in the 2021/2022 national budget also include sh22b for Uganda Broadcasting Corporation (UBC) for operational costs and capital investments, sh60b for Uganda Electoral Commission to relocate its offices, sh57.8b as additional funding for allowances for the elderly persons (SAGE), and sh143.4b as additional funds for interest payment on government loans.
Considering that the term of office for the current 10th parliament will soon end in mid-May, the budgeting process for the 2021/2021 national budget is at its tail end and Parliament is expected to pass the budget within the next two weeks.
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