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Parliament has Passed a Shs45 trillion Budget for the Next financial Year 2020/21.

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Parliament has passed a Shs45 trillion budget for the next financial year 2020/21.

The budget which saw an increment of over shs6 trillion from the 2019/2020 budget was passed Friday, 24 April 2020 at a sitting chaired by Speaker Rebecca Kadaga following debate on the budgetary allocations where MPs called for interventions in the health sector amid the current corona virus pandemic.

The debate following the adoption of the Budget Committee report which recommended that government revises and reviews the Budget after the full effect of Covid-19 on the economy is ascertained.

According to the sector allocations, Works and Transport takes an allocation of shs5.84 trillion followed by Security with an allocation of shs4.504 trillion.

Interest payments will take shs4 trillion, Education shs3.6 trillion, Health sector budget is shs2.7 trillion while the Agriculture sector gets shs1.324 trillion.

The budget is expected to be funded by resources from domestic revenue amounting to shs21.7 trillion and domestic borrowing shs3.55 trillion.

Energy and Mineral Development takes shs2.6 trillion.

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