Govt presents sh1.051 trillion supplementary budget to MPs

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The Government has presented a supplementary expenditure amounting to sh1.051 trillion to Parliament, which is 1.46% of the approved budget for the current 2024/25 financial year.

It was presented on Tuesday (January 14) by the finance state minister for general duties, Henry Musasizi, who was accompanied by the finance state minister for planning, Amos Lugoloobi and their technical team.

Musasizi told Parliament’s Budget Committee that the drivers of the supplementary expenditure include the revoting of funds for World Bank-funded projects under the Uganda Intergovernmental Fiscal Transfers Program Project for Uganda and the Uganda Support to Municipal and Infrastructure Development program.

Other drivers are shortfalls in wages and salaries arising from revalidation by the Ministry of Public Service after a special audit of payroll by the Office of the Auditor General, as well as critical government policy commitments.

These commitments, Musasizi said, include anti-cattle rustling in North and North Eastern Uganda, implementation of the rationalisation of agencies, peace, and security.

“This supplementary expenditure will be funded from a combination of additional tax revenue and non-tax revenue, additional borrowing, and already committed external financing,” he said.

The sh72.136 trillion budget for this financial year comprises recurrent expenditure of sh18.9 trillion and development expenditure of sh34.7 trillion, with the total amount, including statutory expenditure, standing at sh72.136 trillion.