kenneth Mugambe

director Budget Ministry of Finance Planning and Economic Development.

[kenneth Mugambe @directorbudgetF]

Through this, we shall attain budget efficiency and ultimately the set objectives of the budget which will translate into better services and improved wellbeing of the Ugandan population.

Thank you for your attention.

[kenneth Mugambe @directorbudgetF]

...Given the limited resource envelope, the challenge at hand is prioritisation and efficient execution of our respective tasks including fighting the cancer of corruption.

[kenneth Mugambe @directorbudgetF]

Such a programmatic approach will enable us to focus our limited resources to critical interventions that
will result in the attainment of the goals set out in the NDPIII.

[kenneth Mugambe @directorbudgetF]

I appeal to all stakeholders to diligently engage in the budget
consultations to ensure that the budgetary resources are properly aligned
to the most deserving priorities along the programmatic approach.

[kenneth Mugambe @directorbudgetF]

These proposed budget interventions are meant to kick-start budget
consultations and the preparation of the National Budget Framework
Paper for fiscal year 2021/22. Further budget engagements will be held with the local governments starting from next month.

[kenneth Mugambe @directorbudgetF]

....of Covid-19 and other natural disasters, avoiding
jobless recovery through sustaining and creating more jobs, agricultural
production and agro-industrialization, and enhanced skilling of the population

[kenneth Mugambe @directorbudgetF]

CONCLUSION
In order to support economic recovery and set the country back on
the path of realizing Vision 2040, the budget strategy for fiscal year 2021/22 will prioritize interventions to address potential health and economic impacts...

[kenneth Mugambe @directorbudgetF]

Also exploring the use of innovative financing solutions such as Public Private
Partnerships, Infrastructure, and Diaspora Bonds, Capital Markets, and Pension Funds.

[kenneth Mugambe @directorbudgetF]

Limit external borrowing to sustainable levels while prioritizing
concessional funding and re-appraising public investment need i.e reducing the level of Domestic Borrowing from 3% to 1% of GDP in order to reduce the costs of debt servicing and crowding out the private sector.

[kenneth Mugambe @directorbudgetF]

.....This target will be further reviewed to ensure that we attain about
20%, consistent with regional peers

[kenneth Mugambe @directorbudgetF]

The key strategic interventions in each of these areas are the
following Enhance Domestic Revenue collection by implementing the Domestic Revenue Mobilization Strategy in order to increase
domestic revenues from about 13% now to 18% in the next 5 years.

[kenneth Mugambe @directorbudgetF]

....which would further limit fiscal space; and, crowding out
private borrowing and related investments that would constrain growth.

[kenneth Mugambe @directorbudgetF]

Uganda’s fiscal deficit widened from
4.9% in FY2018/19 to 7.2% in FY2019/20 and is projected to widen
further to 9.8% in 2020/21. Public debt has also risen substantially, and further borrowing poses several challenges – higher debt service obligations...

[kenneth Mugambe @directorbudgetF]

THE FINANCING STRATEGY;
The Financing Strategy for the FY 2020/21 Budget is based on
funding from Domestic Revenue, External Financing from loans and
grants and Domestic borrowing.

[kenneth Mugambe @directorbudgetF]

2) Fight corruption in the public sector to improve public service
delivery; and,

3.Rationalization and restructuring of Government to improve
its efficiency.

[kenneth Mugambe @directorbudgetF]

.....improved public investment management and
enhanced monitoring and evaluation;

[kenneth Mugambe @directorbudgetF]

Strengthen the role of the state in guiding and facilitating
development by: -
1.Strengthening Government implementation through better planning and budgeting using evidence-based policy formulation and implementation of the programmatic
approach......

[kenneth Mugambe @directorbudgetF]

3)Improve functionality of safe water points through routine
maintenance and treatment, renew the environment including
wetlands to address climate change effects such as flooding
and landslides.

[kenneth Mugambe @directorbudgetF]

2.Addressing health sector needs to deal with the CoVID-19
pandemic, operationalizing health facilities, especially at the Health Centre III level.

[kenneth Mugambe @directorbudgetF]

On enhancing productivity and social wellbeing of the population by: -

1. Building skills for manufacturing, minerals development and
agro-processing, including the international accreditation of
Technical and Vocational Institutions;