Minister Musasizi Reaffirms Commitment to Fiscal Discipline

1
Minister Musasizi Reaffirms Commitment to Fiscal Discipline
Minister Musasizi Reaffirms Commitment to Fiscal Discipline

Africa-Press – Uganda. The Minister of State for Finance, Planning and Economic Development, Henry Musasizi, has reaffirmed the government’s commitment to prudent public financial management, fiscal discipline, and sustainable debt management.

Speaking on Tuesday before the Parliamentary Finance Committee, Minister Musasizi led a ministry delegation to present the Ministerial Policy Statement for Vote 130 – Treasury Operations for the Financial Year 2026/27.

For the Financial Year 2026/27, the government is seeking an allocation of Shs 33.60 trillion under Vote 130 to meet these statutory obligations. These include key obligations such as the servicing of public debt and the management of the Contingencies Fund.

“Vote 130 provides for expenditures that are statutory and have a direct charge on the consolidated fund, including servicing of public debt and management of the contingencies fund,” Minister Musasizi said.

In the same session, Minister Musasizi also led a team from the Financial Intelligence Authority (FIA) to present its Ministerial Policy Statement for FY 2026/27.

Minister Musasizi noted that the FIA continues to play a critical role in strengthening the integrity and stability of Uganda’s financial sector. Its efforts include facilitating effective investigation of financial crimes and ensuring that Uganda remains off the Financial Action Task Force (FATF) grey list.

For the Financial Year 2026/27, the FIA has been allocated an indicative resource envelope of Shs 50.081 billion to support its operations and strategic objectives.

LEAVE A REPLY

Please enter your comment!
Please enter your name here