• Latest
Finance Minister to Read this Year’s National Budget Speech Next Week

Finance Minister to Read this Year’s National Budget Speech Next Week

3 years ago
Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

7 hours ago
Kyabazinga of Busoga, King Oyo Strengthen Ties

Kyabazinga of Busoga, King Oyo Strengthen Ties

7 hours ago
UEDCL Gains Over 640,000 New Connections in Six Months

UEDCL Gains Over 640,000 New Connections in Six Months

7 hours ago
Kenya’s Faith Kipyegon Wins 4th World 1500m Title in Tokyo

Kenya’s Faith Kipyegon Wins 4th World 1500m Title in Tokyo

7 hours ago
Germany: Uganda Showcases Coffee Excellence at Bamberg Cupping Event

Germany: Uganda Showcases Coffee Excellence at Bamberg Cupping Event

9 hours ago
Vivo Energy Launches VE-CEM Digital Solution to Track fleet and Equipment Movement

Vivo Energy Launches VE-CEM Digital Solution to Track fleet and Equipment Movement

11 hours ago
SoftPower News
Wednesday, September 17, 2025
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women
No Result
View All Result
SoftPower News
No Result
View All Result
Home Featured

Finance Minister to Read this Year’s National Budget Speech Next Week

by Rogers Atukunda
June 11, 2022
Finance Minister to Read this Year’s National Budget Speech Next Week
56
VIEWS

 

This year’s National Budget Address will be delivered at Kololo on Tuesday, June 14, 2022.

Related Stories

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

Kyabazinga of Busoga, King Oyo Strengthen Ties

UEDCL Gains Over 640,000 New Connections in Six Months

The Minister of Finance is expected to read the budget speech when Parliament opens for its next session next week.

During the State of the Nation Address on Tuesday this week, the Speaker of Parliament Anitah Among announced that the budget speech would be read in the coming week.

Last month, Parliament passed Shs48.1 trillion budget for financial year 2022/23 with post Covid-19 economic recovery high on the agenda.

Under the theme “Industrialization for Inclusive growth, Employment and Wealth Creation,” projected revenue base is Shs48.1 trillion to finance the budget.

On recurrent expenditure, Ministry of Finance, Planning and Economic Development takes Shs2.3 trillion, Ministry of Defense and Veteran Affairs has been allocated Shs1.2 trillion, while Lands, Housing and Urban Development will take Shs503 billion.

On development expenditure, Defence takes Shs2.3 trillion, Ministry of Health Shs1.4 trillion, while Energy gets Shs1.4 trillion.

Uganda National Roads Authority has been given Shs2.5 trillion in development expenditure, signaling the significance of infrastructure in the post-Covid19 recovery.

The Finance State Minister, Hon. Henry Musasizi, who shepherded the Budget on behalf of President Museveni said there is need to heal the economy from the ravages of Covid-19.

The economy, said Budget Committee Chairperson, Hon. Patrick Opolot Isiagi, has grown by 3.8 per cent in the ending financial year, as against the projected 3.3 per cent.

The difference, he said, is attributed to the vaccination efforts that led to full re-opening of the economy and a surge in demand especially in areas of construction.

Alarm has also been sounded on the rising public debt, which increased by a whopping 15 per cent from 2020 to December 2021, to the last recorded Shs73.5 trillion.

Debt is expected to continue rising, with projections it will get to over 52 per cent of GDP.

Tags: Finance ministerKololonational budgetSoftPowerSoftPower NewsSpeaker AmongTop Uganda News

Recent Stories

Uganda Airlines, Air India Sign Interline Partnership to Expand Global Connectivity

Kyabazinga of Busoga, King Oyo Strengthen Ties

UEDCL Gains Over 640,000 New Connections in Six Months

Kenya’s Faith Kipyegon Wins 4th World 1500m Title in Tokyo

Germany: Uganda Showcases Coffee Excellence at Bamberg Cupping Event

Vivo Energy Launches VE-CEM Digital Solution to Track fleet and Equipment Movement

SoftPower News Logo

SoftPower News is a subsidiary of SoftPower Communications LLC, a Ugandan digital media group. Keep posted of the latest from Uganda and East Africa.
Plot 4B Malcolm X, Kololo
P.O Box 1497, Kampala - Uganda
Tel: +256-392-001-701
Email: info@softpower.ug

This news site is licenced by Uganda Communications Commission (UCC)

ADVERTISEMENT
Stanbic Remittance Ad
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
  • Regional
  • Defence & Security
  • Sport
  • Entertainment
  • More

© SoftPower News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

error: Content is protected
No Result
View All Result
  • News
  • Tourism & Travel
  • Business
  • Lifestyle
    • Fashion
  • Regional
    • Kenya
    • Rwanda
    • Tanzania
    • Burundi
    • South Sudan
    • DR Congo
  • Defence & Security
  • Sport
  • Entertainment
  • More
    • Agriculture
    • Africa
    • Columnists
    • Education
    • Health
      • COVID-19
    • International News
    • News in Pictures
    • OpEd
    • Pearl Of Africa
    • People
    • Politics
    • Special Reports
    • Women

© SoftPower News

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?