Ivan krj

Computer scientist | M&E Expert | Macro Economist| Infrastructure Planner |Investor. Retweets are likes but not full agreements

[Ivan krj @AlibaIvan]

@assempebwa @GovUganda Owaaye

[Ministry of Finance @mofpedU]

PARLIAMENT APPROVES CHARTER FOR FISCAL RESPONSIBILITY

Parliament has approved the Charter for Fiscal Responsibility and the Economic & Fiscal Update for FY2026/27– FY2030/31, setting out the fiscal policy framework to guide Government over the next five years.

The Charter was approved during Wednesday’s plenary sitting, chaired by Rt. Hon. Speaker Jacob Markson Oboth.

The motion was moved by the Finance Minister, @henrymusasizi1 while the report on the Charter was presented by the Chairperson of the Parliamentary Committee on the Budget, Hon. Amos Kakunda, MP for Rwampara County.

Moving the motion, Musasizi said the Charter is “Government’s fiscal policy strategy over the next 5 years,” aimed at maintaining macroeconomic stability while creating fiscal space for strategic public investment and private-sector-led growth.

He said the strategy prioritises accelerated economic growth through high-impact sectors, revenue-led fiscal consolidation, reduced dependence on commercial borrowing, efficient and effective public expenditure, and sustainable management and utilisation of petroleum revenues.

“The Charter establishes legally binding fiscal anchors to ensure fiscal discipline, accelerate domestic revenue mobilization, reduce expensive non-concessional borrowing, and maintain debt sustainability,” Musasizi said.

The framework will guide implementation of the Fourth National Development Plan and the Ten-Fold Growth Strategy, which targets scaling Uganda’s economy to US$500 billion by 2040.

Under the Charter, public debt is projected at 54.7% of non-oil GDP in FY2026/27, peaking at 55.1% in FY2027/28 before declining to 50% by FY2030/31.

Commercial borrowing as a share of domestic non-oil revenue is projected to fall from 33.7% to 19.3%, while the fiscal deficit excluding petroleum revenues is expected to narrow from 6.6% to 1.5% of non-oil GDP over the period.

The Charter also limits the transfer of petroleum revenue to the Consolidated Fund to a maximum equivalent of 0.8% of the preceding year’s estimated non-oil GDP outturn, with the balance going to the Petroleum Revenue Investment Reserve.

Presenting the committee report, Kakunda said the Charter was examined alongside the Economic and Fiscal Update and other submissions from key stakeholders.

The committee proposed additional fiscal safeguards, including a rule that nominal publicly guaranteed debt should remain below 5% of non-oil GDP throughout the Charter period.

On revenue mobilisation, the committee proposed that domestic non-oil revenue as a share of non-oil GDP increase by at least 0.5 percentage points annually and reach at least 16.4% by FY2030/31.

The committee further recommended adherence to the Commitment Control System and sanctions against Accounting Officers who repeatedly commit Government expenditure without adequate resources.

In its conclusion, the committee said: “fiscal consolidation must not be pursued at the expense of the social and productive foundations of growth.” It further emphasised that fiscal rules require effective enforcement and monitoring.
📸 @Parliament_Ug

[Ivan krj @AlibaIvan]

@rcmanyangwa @rotaryd9213 Creating lasting impact ✨️

[Rotary Club of Manyangwa-Nakwero @rcmanyangwa]

Happening now! @rcmanyangwa carrying out its first Road Safety Awareness campaign for the local community and boda-boda riders in Nakwero and Manyangwa.
Safe Roads, Save lives!
#RotaryEyamba
#RotaryKonyo

[Rotary Club of Manyangwa-Nakwero @rcmanyangwa]

The entire @rcmanyangwa Team @101DISCON led by our President Pesh, thank you for representing us. We don't take that for granted. We salute and honor you🙏🏾
@rcmanyangwa
#UniteForGood
#RotaryEyamba

[Ivan krj @AlibaIvan]

@CHRIS9TOPHER Beautiful 😍

[Ivan krj @AlibaIvan]

@Esau_Matsiko 😆😆😆

[Rotary Club of Manyangwa-Nakwero @rcmanyangwa]

Kudos Magic President @JAkankwasa4u and TRF Director Sarah Ntale for constantly encouraging members to support TRF.

[Ivan krj @AlibaIvan]

Don't do it

[ESAU @Esau_Matsiko]

Let us all laugh at Manchester United 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂����😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[Amanda Ngabirano @mandyug]

Honoured to be a Speaker at this year's AGM of SSATP, Africa Transport Policy Program in Cotonou, Benin! Bonjour! 😊

Good governance and enhanced institutional capacity, among others, are key factors for an enabling, efficient and sustainable transport system!

[Ivan krj @AlibaIvan]

@UG_Airlines Congratulations

[Uganda Airlines @UG_Airlines]

We thank all of you for keeping the Crane in the Sky. We wish you a season filled with warmth, peace, and togetherness, surrounded by those who bring you the most joy. #HappyHolidays #HappyNewYear

[Ivan krj @AlibaIvan]

@Esau_Matsiko Banange

[Ivan krj @AlibaIvan]

@Esau_Matsiko Y are u very violent 🤣

[ESAU @Esau_Matsiko]

PRAY FOR MANCHESTER UNITED

PRAY FOR MANCHESTER UNITED

PRAY FOR MANCHESTER UNITED

PRAY FOR MANCHESTER UNITED

PRAY FOR MANCHESTER UNITED

PRAY FOR MANCHESTER UNITED

PRAY FOR MANCHESTER UNITED

PRAY FOR MANCHESTER UNITED

PRAY FOR MANCHESTER UNITED

[Ivan krj @AlibaIvan]

@Esau_Matsiko 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

[Shakila Rahim Lamar @RahimLamar]

Abuja 1st Flight. Historical. We Moove! #flyugandaairlines #UGAirlinesXAbuja

[Samson Bagonza @engsbagonza]

I received the Certificate for Fellow of the Institution of Civil Engineers (FICE) of UK from the President of ICE in a ceremony held in Westminster, London, at 4pm this afternoon. FICE is the highest professional qualification in civil engineering and a symbol of excellence.

[Kenneth Mugabi 🇺🇬 @kennethmugabi]

Muvubuka,
How Was Your Day?
#Muvubuka