• Sun. Jun 11th, 2023

UGANDA, Kampala | Real Muloodi News | The budget strategy for the financial year 2022/23 is out. While presenting it to the public, the Minister of Finance, Planning and Economic Development, Mr Matia Kasaija, stated that the government plans to prioritise critical areas including tourism, infrastructure maintenance, health, education, and raising the per capita income.

While at a budget strategy sensitisation workshop last Friday in Kampala, Mr Ramathan Ggoobi, the Permanent Secretary in the Ministry of Finance, says, “So we were drafting this strategy to address three major areas, the state of the economy today and in the medium term and the constraints in the economy. We also want to rebuild the resilience of our economy so that we can transform in the medium term.”

He also said the government would focus on growing the country’s Gross Domestic Product, which currently stands between 3.4 per cent and 7 per cent.

The government would put more effort into supporting sectors that promote industrialisation, including light manufacturing and agriculture.

This year’s budget, the education and health sector took the most significant share of USh 7.7 trillion. Security, governance, and infrastructure development sectors received the second-largest amount of the same budget.

The government stated that they will not introduce new taxes because many Ugandans are still struggling because of the effects of the pandemic.

However, Mr Ggoobi asserted they would direct their strength to ensure that taxes are paid without fail.

“Majority of the taxes the government introduced are not yielding the intended goal because few people are compliant and the many still evade,” said Mr Ggoobi.

While speaking last Thursday, President Museveni assured Ugandans that the economy would fully open in January 2022.

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