• Latest
MPs Commit to Budget for Contingency Fund to curb Supplementaries

MPs Commit to Budget for Contingency Fund to curb Supplementaries

3 years ago
Gov’t Releases Shs18.43T for Q2, Prioritising ATMS to Fuel Tenfold Growth

Gov’t Releases Shs18.43T for Q2, Prioritising ATMS to Fuel Tenfold Growth

20 minutes ago
NAFISAT Meeting Reaffirms Africa’s Vision for ‘Safer, Smarter & More Connected Skies’

NAFISAT Meeting Reaffirms Africa’s Vision for ‘Safer, Smarter & More Connected Skies’

4 hours ago
PRAU President Nakasiita Joins 2026 World PR Forum Advisory Board

PRAU President Nakasiita Joins 2026 World PR Forum Advisory Board

4 hours ago
Chicago Marathon Champion Jacob Kiplimo Returns Home

Chicago Marathon Champion Jacob Kiplimo Returns Home

7 hours ago
Former Kenyan Prime Minister Raila Odinga Dies at 80

Former Kenyan Prime Minister Raila Odinga Dies at 80

7 hours ago
Museveni Urges NRM Primary Losers Not to Stand as Independents

Museveni Urges NRM Primary Losers Not to Stand as Independents

7 hours ago
SoftPower News
Wednesday, October 15, 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 News

MPs Commit to Budget for Contingency Fund to curb Supplementaries

by Muhamadi Byemboijana
September 22, 2022
MPs Commit to Budget for Contingency Fund to curb Supplementaries
3
VIEWS

Legislators have committed to budget for a contingency fund in the next budget cycle after it was left out in the Financial Year 2022/2023 budget.

The commitment came on Wednesday, September 21, 2022, during plenary when the Vice-Chairperson of the Budget Committee, Hon. Ignatius Wamakuyu, reported that although the proposed budget of Shs48.1 trillion had included the funds, it was removed at the last moment during the processing of the budget.

Related Stories

Gov’t Releases Shs18.43T for Q2, Prioritising ATMS to Fuel Tenfold Growth

NAFISAT Meeting Reaffirms Africa’s Vision for ‘Safer, Smarter & More Connected Skies’

PRAU President Nakasiita Joins 2026 World PR Forum Advisory Board

Wamakuyu was responding to a question raised in an earlier sitting by the Manjiya County MP and also Chief Opposition Whip, Hon. John Baptist Nambeshe, on contingency funds.

He said the minister proposed to reduce it from Shs223.9 billion to only Shs62.068 billion for debt servicing shortfall but it was later totally removed.

“Given the constrained resource envelope and the statutory obligations to prioritise servicing of public debt, the committee established that it was prudent to provide that debt service shortfall,” he said.

Wamakuyu advised that in the future, the finance ministry should comply with the statutory obligation as per section 26 of the Public Finance Management Act 2015 as amended and allocate money for the contingency fund.

The Butambala County MP, Muhammad Muwanga Kivumbi, who represented the Chief Opposition Whip, said that the contingency fund is a statutory requirement and all budgets need to have a contingency fund.

“During floods we need a contingency fund, and the best way for us to avoid supplementary budgets, we need to consistently provide for a contingency fund,” he said.

He says both the ministry and the budget committee should take responsibility as the ministry did not allocate and the budget committee did not follow.

However, the Deputy Speaker guided that the Budget Committee cannot be faulted, as the whole House approved the budget. He, however, said that the experience should be a learning lesson for the next budget.

“It is an eye-opener, and what I loved about this is that we can police ourselves to ensure that we address such constitutional requirements. So, in the next budget, please let us ensure that we comply with the law,” he said.

Tags: budgetContingency FundMembers of ParliamentSoft PowerSoftPower NewsSupplementariesTop News Uganda

Recent Stories

Gov’t Releases Shs18.43T for Q2, Prioritising ATMS to Fuel Tenfold Growth

NAFISAT Meeting Reaffirms Africa’s Vision for ‘Safer, Smarter & More Connected Skies’

PRAU President Nakasiita Joins 2026 World PR Forum Advisory Board

Chicago Marathon Champion Jacob Kiplimo Returns Home

Former Kenyan Prime Minister Raila Odinga Dies at 80

Museveni Urges NRM Primary Losers Not to Stand as Independents

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
  • 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?