The government has announced four investment plans for the 2023 and 2024 budgets including the start of the construction of the standard gauge railway from Emaramba across Uganda and Kenya to Kampala and the rehabilitation of the existing old gauge railway.
Others in the budget include solar irrigation which will help farmers to be constantly changing.
And the Government should build hydropower dams and build power lines and distribute it from the dams to the people who used to.
The government has set aside most of the money to rob the industrialists which the money the government will go to the Uganda Development Bank to help the traders and industrialists to get out of the rush they are in as a result of the economic downturn.
State Minister of Finance Henry Musasizi, who is still in office, said the plans were mentioned by President Museveni.
Minister Musasizi said the programs will be linked to other programs including strengthening security and road construction, health, education and oil drilling.
The budget for 2023-2024 which was pegged at Rs 49.988 trillion equals more than Rs 50 trillion which is up from Rs 48.1031 trillion for the 2022-2023 fiscal year but the government has warned that the expenditure has decreased from Rs 2.5405 trillion from Rs 1031 trillion 422 to 22 trillion and 860 billion.
The government has told MPs that it will not borrow from them until June 2022 when Uganda owed 78 trillion.
However, MPs are not satisfied with the Government’s proposed cuts saying that the infrastructure is underfunded.
Opposition Finance Minister Muwanga Kivumbi said they have invested little in tourism, agriculture but the government has taken a lot of money and invested in security.by Dan mugula
