Saturday, May 31, 2025
NEWSDAY
  • News
  • Politics
  • Lifestyle
  • World
  • In pictures
  • Luganda
  • In History
  • Sports
  • Perspective
  • Business
No Result
View All Result
  • News
  • Politics
  • Lifestyle
  • World
  • In pictures
  • Luganda
  • In History
  • Sports
  • Perspective
  • Business
No Result
View All Result
NEWSDAY
No Result
View All Result
Home Business

Defense and security sectors’ budget surges for next 3 years

by www.newsday.co.ug
April 20, 2021
in Business
121 1
Kasaija quizzed on delay of Islamic Banking
3k
VIEWS

Uganda’s security budget will increase for the next three years, according to the Ministry of Finance.

This is already reflected in the Shs. 41.3 trillion budget the government has tabled for financial the year 2021/2022 in which Governance and Security takes a lion share of 7.7 trillion Ugandan Shillings.

This is followed by Human capital development especially in the Education and Health that has proposed figures of Shs. 6.8 trillion, Integrated transport infrastructure at Shs. 3.9 trillion, Agro-industrialization 1.4 trillion and Regional Development Shs. 1.2trillion and Development plan implementation  Shs.1 trillion.

Although members of Parliament have raised concern over a high percentage spending on security from the total revenue collection, the Minister of Finance says that this money will increase for only three more financial years of 2021/2022, 2022/2023 and 2023/2024  before it stabilizes. 

While appearing before the budget committee of Parliament on Tuesday, Finance Minister Matia Kasaija and Minister of Finance in charge of Planning David Bahati explained that security was the anchor to all the other sectors and that is why the allocation is great.

However committee chairperson Amos Lugolobi said that the money allocated to security is not commensurate to the growth of the economy, adding that there was no evidence that the money being poured into security was indeed yielding.    Lugolobi says that whereas security takes a lion’s share, what the same security seems to protect is very narrow or limited, with Gross Domestic Product (GDP) growing at only 4 per cent.

Matia Kasaija says that injecting a lot of money in security will give confidence to investors in Uganda. He says the increase in security budget is because Government intends to purchase or use the money for something that will be completed in the three years, and after three years it will stabilize. 

Butambala MP Muwanga Kivumbi says that the defense budget has never gone down for the last 7 years. He says the increasing component of the defense budget has been on classified expenditure.     

Minister for Finance in charge of planning David Bahati told the committee that Uganda needs to remain secure in the midst of a turbulent region. He says although MPs and ordinary Ugandans do not see the threats, security people see these threats. 

Defense’s classified expenditure hit up to 2 trillion shillings’ in 2020 and this figure is expected to go even higher with the new budget. In the last financial year, security got Shs.4.5 trillion.

Related articles

No one will hound me out of NUP – Mpuuga

No one will hound me out of NUP – Mpuuga

March 26, 2024
Furious NRM CEC hunt for next Speaker

Furious NRM CEC hunt for next Speaker

March 19, 2024

URN

Post Views: 145

Do you want to share a story, comment or opinion regarding this story or others, Email us at newsdayuganda@gmail.com Tel/WhatsApp........0726054858
Do you want to share a story, comment or opinion regarding this story or others, Email us on info@newsday.co.ug or ,Tel/WhatsApp........0702451828
Share158Tweet99SendShare
Next Post
Kabaka’s Press secretary in strong warning to Katikkiro Mayiga’s critics

Kabaka’s Press secretary in strong warning to Katikkiro Mayiga’s critics

  • Profile: Who is Hajjat Uzeiye Hadijah Namyalo

    Profile: Who is Hajjat Uzeiye Hadijah Namyalo

    1052 shares
    Share 421 Tweet 263
  • What caused a mysterious death of Former Elite High School Student

    468 shares
    Share 187 Tweet 117
  • Sex video appearing to show a look alike of BBS’s Diana Nabatanzi in bed with man concerns her fans

    1680 shares
    Share 672 Tweet 420
  • Video shows Lwasa naked and why Diana Nabatanzi chucked him

    733 shares
    Share 293 Tweet 183
  • Security investigating Dubai company over Congolese stolen Gold

    503 shares
    Share 201 Tweet 126
NEWSDAY

Your source of the most critical on spot breaking news from www.newsday.co.ug. Newsday Uganda is recognized by audiences around the world as a trusted supplier of news.

info@newsday.co.ug
+256702451828

Categories

  • Business
  • Entertainment
  • In History
  • In Luganda
  • in pictures
  • Lifestyle
  • News
  • Perspective
  • Politics
  • Sport
  • World

Recent Posts

  • Shame As Katwe Police Officer Is Nabbed Destroying Evidence To Implicate An Innocent Man To Grab His Land
  • Court Finally Served Justice In Nakifuma Land Dispute

© 2021 NEWSDAY.

No Result
View All Result
  • News
  • Politics
  • Lifestyle
  • World
  • In pictures
  • Luganda
  • In History
  • Sports
  • Perspective
  • Business

© 2021 NEWSDAY.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In