Gov’t Releases 2.8 Trillion For 1st Quarter

The Government has released sh2,844,628,282,736/= to all central and local governement votes for this financial year’s first quarter which runs from July to September.

Secretary to the Treasury Keith Muhakanizi (R) and ministry of Finance’s director of budget Keith Mugambe address the press at the ministry headquarters
Secretary to the Treasury Keith Muhakanizi (R) and ministry of Finance’s director of budget Keith Mugambe address the press at the ministry headquarters

Of the sh2.84 trillion, ministries and government agencies got sh2.22 trillion while referral hospitals got sh17.4b. A total of sh23.9b was given to Ugandan missions abroad while sh574b went to local governments.

According to Keith Muhakanizi, the permanent secretary ministry of finance, to avoid any delays in the delivery of services and to facilitate the disbursement of the funds by 10th July 2014, accounting officers were given a deadline of 7th July 2014 to advice the ministry on the breakdown of the cash limits by projects and programme.

Muhakanizi said the funds will be released on immediately subject to provision of work plans by the accounting officers.

“We are glad that we have kept our promise of releasing all the money by the 10th of the first month of every quarter,” Muhakanizi said.

He was speaking at a meeting organised to announce the release at the ministry offices in Kampala Monday.

 Development partners, civil society and the media attended the meeting where Muhakanizi reiterated the need for accountability and transparency on the part of accounting officers.

The permanent secretary explained that the accounting officers that have not provided the required information will not access the funds until there is full compliance.  He said with the help of development partners, government has improved on the transparency in the management of its resources using the single treasury account and the integrated financial management system.

“I am happy that the development partners are here present and they have done quite a lot for us to achieve this. You remember what happened at the office of the Prime Minister,” he said.
Last year, development partners temporarily withdrew financial support to government after massive fraud was reported at the office of the Prime Minister where billions of shillings were swindled as well as the ministry of Public Service where pension money amounting to billions of shillings due to multiple idle accounts through which money was being stolen.
According to Mr Muhakanizi, the phasing out of cash transactions will ease the auditing of government spending.

 

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