Summary of the Uganda National Budget allocations

The Minister of Finance, Hon. Matia Kasaija presented the 2016/17 National Budget on Wednesday 8th June 2016. Below is a summary of the sector nominal allocations. The total budget is sh26.361 trillion.

70% of the UGX26.3 trillion Financial Year (FY) 2016/17 budget to be funded locally, compared to the 85% for the FY2015/16. 30% of the FY2016/17 UGX26.3 trillion budget to be sourced from donors and borrowing. Uganda Revenue Authority has a task of collecting UGX12.9 trillion in taxes for the FY2016/17. Tax increases expected on cement, sugar, fuel. Interest payments due totaling to UGX6.4 trillion. UGX26.3 trillion FY2016/17 budget, UGX2 trillion bigger than FY2015/16, is the biggest Uganda has ever had # UGBudget1.

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