By Website Writer; There will be no purchase of new vehicles for political leaders and public officers except for hospital ambulances, medical supplies or distribution, agricultural extension services, security and revenue mobilization in the financial year 2023-24.
During the National Budget FY 2023-24 reading last week, Hon. Matia Kasaija, Minister of Finance of Uganda noted that the move is to reduce consumption expenditure as the country lives within its means.
“In order to live within our means, we have reduced consumptive expenditure. During next financial year, there will be no purchase of new vehicles for political leaders and public officers except for hospital ambulances, medical supplies or distribution, agricultural extension services, security and revenue mobilization,” said Hon. Matia Kasaija, Minister of Finance of Uganda.
He also said that the maintenance of both paved and unpaved roads is to be prioritized in the new budget to support the private sector by reducing the cost of doing business in Uganda.
Hon. Henry Musasizi, the Minister of State for Finance Planning and Economic Development, revealed that the budget for FY 2023/2024 is premised on the full monetization of Uganda’s economy through commercial agriculture, industrialization, expanding, and broadening services, digital transformation, and market access.
President YK Museveni has now taken control government borrowing as Uganda’s public debt hits Shs.80.8 trillion against a budget of Shs.52 trillion.
President says now all loans must be approved by him since public officials unnecessarily borrow.
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