During the reading of Uganda’s 8Billion dollar Budget,Uganda’s President Yoweri Museveni will lanch the second phase of the country’s National Development Plan (NDP II) and the The UN Development Plan .
The President will launch the national development plan before the Finance Minister Matia Kasaija Presents the Nation’s Budget to the Nation.
NDP II is the second in a series of five-year plans tailored to achieving Uganda Vision 2040, whose goal is to transform Uganda into an upper middle income country.
NDP II is anchored on five priority areas – agriculture, tourism, infrastructure, mineral, oil and gas and human capital development.
The new policy shift comes on the heels of the recent enactment of the Public Finance Management Act which requires a certificate of compliance from NPA by all vote holding entities as a prerequisite for Parliament to sanction their budgets.
Under the new law, NPA issues a certificate of compliance upon confirmation that plans of a given ministry or government entity are in sync with NDP.
Government is expected to spend sh196.7 trillion on NDP II, with 58.8% of these funds being drawn from the public purse and the rest from private sector contribution.
Additional Information From NewVision