Sumary of Uganda: Budget Silent On Covid Impact, Say Analysts:
- Business leaders and policy analysts have said the Shs44.8 trillion National Budget for Financial year 2021/2022 lacks essential elements to respond to worsening effects of Covid-19 crisis on the economy and health sector..
- On May 5 the Health Ministry announced the second wave of Covid-19, a month after Finance minister Matia Kasaija tabled the Budget before Parliament for review..
- Mr Amos Lugoloobi, the designate Minister of State for Finance (Planning,) while reading the 2021/2022 Budget yesterday, said despite the huge threat from the second wave of Covid-19, the government has a clear plan to minimise effects on the two sectors..
- “So we expect that in the next week or two, Mr Lugoloobi or, Mr Kasaija will come to Parliament to ask for a supplementary Budget for Health because the money allocated was low.”.
- In the 2021/2022 Budget, Human Capital Development, which comprises Health, Education and Social Development, has the highest allocation of Shs7.598 trillion, a significant portion government says is for procurement of Covid-19 vaccines..
- The country’s head of immunisation programme, Dr Alfred Driwale, said the government is struggling to acquire sufficient doses due to high global demand that has caused a shortage..
- On economic growth, Mr Lugoloobi said in the FY 2021/2022 the focus is on supporting struggling businesses and improving household income..
- “Boosting business of the private sector, especially Micro, Small and Medium (MSME) Enterprises by extending Covid-19 relief measures, increasing regional and continental market access, access to long term affordable capital and supporting entrepreneurial developmenthe said….