The State Minister for Finance, Hon Henry Musasizi has told Parliament that the government plans to spend Sh52.722tn in the Financial Year 2024/25.
The Minister revealed this while tabling the National Budget Framework Paper which will ‘focus will be on improving efficiency in execution of projects and public investments’.
“We are looking forward to deepening the fiscal consolidation agenda through improved revenue collection, continue to re-purpose the budget to improve efficiency and effectiveness of the public expenditure, controlled borrowing to reduce debt servicing costs while supporting faster socio-economic transformation and implementation of our public financing investment strategy by exploring alternative and more sustainable sources of financing including PPEs, capital markets,” said Musasizi.
Meanwhile, the Speaker has asked all MPs implicated in the embezzlement of the Sh164b Cooperatives compensation funds to report to Police before they are picked.
“If you see your name there, take yourself to Police, the report (on cooperatives) was forwarded to CID, IGG and DPP, it isn’t just a matter of saying some opposition MPs were there.”
