Among the key proposals, Kiwanuka has allocated close to 2.4 trillion shillings to roads and transport sector, while 1.8 trillion shillings goes to education.
Finance Minister Maria Kiwanuka has just presented the 2013/2014 budget to Parliament at Serena Hotel in Kampala, with several key proposals being suggested for the next financial year.
Among the key proposals, Kiwanuka has allocated close to 2.4 trillion shillings to roads and transport sector, while 1.8 trillion shillings goes to education. The two sectors also took the biggest chunk of the budget last year. Out of a total of 11.15 trillion shillings in the 2012/2013 financial year budget, Kiwanuka allocated Education 1.669 trillion shillings, representing 17 percent of the total envelope. The Road sector took 1.6 trillion shillings.
Other proposals in the budget include plans to repair 1,670 kilometres of roads of paved roads and another 9,000 kilometres of unpaved roads in the next financial year.
The long awaited construction of Karuma hydro power dam is set to start plus that of the 15 other power dams which are to be completed within three years.
The minister also proposes excise duty of 200 shillings on Kerosene which had earlier been removed. Other taxes include excise duty on fuel which is to be increased by 50 shillings per litre while that of cigarette was increased by 25 shillings.
Details to follow…..