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Government to spend Rwf3 8 trillion in 2021/22 fiscal year, draws attention to economic recovery
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Government to spend Frw 3 8 trillion in 2021/22 Fiscal Year
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Daily Monitor
Thursday January 28 2021
Minister of Finance Matia Kasaijja(left) responds to queries raised by the Budget Committee of Parliament yesterday. PHOTO | ALEX ESAGALA
Summary
The lawmakers became suspicious after Bank of Uganda deputy governor Michael Atingi-Ego disowned Shs481b fronted in the 2021 Budget Framework Paper to Parliament as capitalisation money.
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Lawmakers on the Budget Committee have intercepted more than Shs480b allegedly ‘sneaked’ in the 2021/2022 budget without the knowledge of Bank of Uganda officials.
The lawmakers became suspicious after Bank of Uganda deputy governor Michael Atingi-Ego disowned Shs481b fronted in the 2021 Budget Framework Paper to Parliament as capitalisation money.
Daily Monitor
Thursday December 24 2020
Tourism will be a key focus area as government seeks to change focus on creating employment. PHOTO | FILE
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Government will in the next financial year anchor its planning on maximising job creation through tourism, travel, manufacturing, construction, services, and trade.
However, agriculture will continue to be a key area as government seeks to turn it from subsistence to a cash-based sector.
The details are contained in the 2020/21 National Budget Framework Paper drawn by Ministry of Finance.
According to the Ministry of Finance, out of the 9.1 million Ugandans employed outside subsistence agriculture in 2017, which makes up 60 per cent of the working population), majority were in agriculture (3,257,800k, representing 35.8 per cent) followed by the services sector outside trade (2,639,000, representing 29 per cent), trade (2,065,700, translating into 22.7 per cent) and construction (1,137,500; which represent