The Minister of Finance, Matia Kasaija has said he will no longer clear supplementary budgets for various ministries that he said are a stone in the shoe.
“Many times you find that the budget has been passed and the following day, someone comes with a supplementary budget. I don’t understand some of these things. Why don’t you budget properly but wait and come with a supplementary budget that you are going for the Dubai expo. These weaknesses should be sorted out,”Kasaija said.
The Finance Minister was on Thursday speaking during the budget conference at a function held at Kololo independence grounds.
According to Kasaija, it distorts planning when different ministries bring in supplementary budgets for government to fund their activities.
He insisted that in future, he will not give a green light to the supplementary budgets presented before him as the Finance Minister.
“For someone to ask for a supplementary budget on something he was obvious about defeats me. If I am still the finance minister and you bring a supplementary budget for something you knew about and want clearance, you may not get my support,”Kasaija threatened.
“Supplementary budgets should come due to unavoidable and unforeseeable circumstances. You need to plan well for your activities.”
The minister also noted that that next year’s budget will still be determined by the Covid pandemic that has disrupted the economy.
“Therefore, our budget strategy is crafted within an environment of COVID19 induced shocks which requires innovations and different ways of achieving results,” he said.
Despite the effects of the pandemic, the minister said there is still room for growth of economy through import substitution; digitization of the economy that he said comes with jobs, foreign direct investments and improved access to export markets.
The Finance minister said the 2022/23 budget will ensure government makes several strategic interventions including restoration of business activity through increased access to capital, industrialization, improvement of productive infrastructure and commercialization of oil and gas among others.