LEADING UGANDA

Coordinated by By Irene Lamunu

Text By Jean-Marie Nsambu

2009/2010 Budget Perceived with Mixed Reactions

IT was anticipated to be the most interesting budget. For one, the first female Finance Minister in the history of the country was presenting it. Also, it was coming at the time when much of the world was facing an economic downturn.

And the Finance, Planning and Economic Development Minister Hajati Syda Bbumba did not disappoint also. At least, from the mixed reactions of experts and other stakeholders, following the reading of the 2009/2010 national budget on June 12, the noted performance, estimates and planning were expected. (In the picture: Hajati Syda Bbumba Minister Finance, Planning and Economic Development)

Only a few surprises were made though, as the minister steered clear of the proposed new taxes and instead went ahead to ban ‘buvera’ polythene bags) and second hand fridges and computers, in promotion of environmental conservation. This [fiscal] year’s budget, she told Parliament, was inspired by the theme, ‘Enhancing Strategic Interventions to Improve Business Climate and Revitalize Production to Achieve Prosperity for All’.