Today, the Minister of Finance Hon. Matia Kasaija read out the 2020/2021 National Budget as was approved by members of parliament. In his address, the Minister revealed that this year’s budget has Shs. 45 Trillion allocated in different sectors.
The Minister, who was concerned about the rampant corruption in the public sector said the vice is one of the main causes of limited domestic revenue that would propel the nation forward. He was joined by President Museveni in calling out corruption who especially hit at the resigned commissioners within URA that were earning over 400M a day in bribes.
In the sectoral allocations for different sectors, the Education sector was allocated Shs. 3.6 Trillion going up from last year’s 3.3 Trillion. Consequently, Education was the fourth most favoured sector coming after Works and Transport, Security and Det Interest Payment that got Shs. 5.8 Trillion, Shs 4.5 Trillion and Shs 4 Trillion respectively.
“We are paying a lot of money in interest because we are borrowing. This can be stopped if we pay taxes. There is a lot of collusion and people not paying taxes. This is corruption.” Museveni observed.