Uganda govt plans to make changes on new finance law
The ministry of Finance wants to amend the Public Finance Management Act, 2015, an important legislation that ushered in a new regime of public expenditure management, barely eight months after President Museveni signed it into law. photo | file
What you need to know:
The ministry of Finance, however, explained that the current provisions embargo drawing from the Central Bank unnecessarily and hence cripple government operations
MORE INFO : BUDGETING PROCESS
Ministry of Finance spokesperson Jim Mugunga said the budgeting process follows a holistic approach that is intended to benefit all Ugandans, including marginalised groups.
On the supplementary, Mr Mugunga said operationally, the dictates of the new law were extended to cover situations where movement of money from one vote to another is to be done. “Practically, this makes it impossible; for example to pay pensioners their money where resources may not be available under their specific vote but are available within the same paying entity,” he said.
