{"id":56042,"date":"2023-09-26T11:08:10","date_gmt":"2023-09-26T11:08:10","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/buganda-kingdom-unveils-shs200b-budget"},"modified":"2023-09-26T12:20:52","modified_gmt":"2023-09-26T12:20:52","slug":"buganda-kingdom-unveils-shs200b-budget","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/buganda-kingdom-unveils-shs200b-budget","title":{"rendered":"Buganda Kingdom\u00a0 unveils Shs200b budget"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Buganda Kingdom has revealed that it plans to spend Shs209b on running its activities and operations in Financial Year 2023\/2024.<\/p>\n

Unveiling the budget before the kingdom parliament (Lukiiko) yesterday, the institution\u2019s finance minister, Mr Robert Waggwa Nsibirwa, said revenue collection is expected to increase by 22.5 percent during the financial year.<\/p>\n

\u201cThe most viable sources of income to the kingdom in the new financial year include: land related services, partners, education, cooperatives, tourism, activities of the royal treasury and media houses,\u201d he said.<\/p>\n

The new budget surpasses that of the 2022\/23 financial year, which stood at Shs157.8b.<\/p>\n

According to the 2023\/24 budget, which was approved by the Lukiiko, health, cooperatives, education, agriculture, economic development, the royal treasury and investment will be the most funded sectors.<\/p>\n

\u201cInvestment and economic development is taking the biggest share of Shs61b, followed by education with Shs19b, management of activities of royal treasury Shs17b communication and information Shs14b and Land management Shs10b,\u201d Mr Nsibirwa observed.<\/p>\n

He noted that Buganda\u2019s economy will continue to be driven by agriculture, education and service in the next financial year since subjects are productive and engage in gainful services.<\/p>\n

\u201cWe are in the centre of the Great Lakes economy and that is an opportunity the kingdom will support its people to continue taking advantage of. Coffee and food production [for sale] will continue to drive Buganda\u2019s economic agenda for a while if supported,\u201d the finance minister said.<\/p>\n

He also said the kingdom is putting more emphasis on coffee growing and production, but warned that the abrupt and inconsistent interventions in the industry activities may disrupt its growth.<\/p>\n

\u201cCoffee is one of the sectors that is witnessing growth and any unnecessary interference in the sector may see all the gains lost. Let\u2019s remember that coffee is a democratic fighter of poverty,\u201d Mr Nsibirwa said.<\/p>\n

On education, he announced the kingdom\u2019s plans to establish labour market information systems as a means of identifying the skills required in the labour market.<\/p>\n

\u201cWe are also introducing short courses in our technical colleges and universities that are relevant to the job market and organising exhibitions from the teaching universities where people can get accredited within a shortest period of time,\u201d he said.<\/p>\n

On health and sanitation, Mr Nsibirwa said the kingdom is expected to plan for technology-based medication in kingdom hospitals and sensitise people how best it can be utilised.<\/p>\n

\u201cWe are planning to complete the ongoing construction and operations of outpatient departments in the kingdom hospitals in various counties, which include Ssingo, Buddu and Kyaggwe,\u201d he said.<\/p>\n

Mr Nsibirwa also revealed that the kingdom last year budgeted for Shs157.8b and realised Shs174.4b, an increment of 40 percent.<\/p>\n

\u201cThis is the second time in a row that the kingdom of Buganda is registering income over and above the amount that was budgeted for in the financial year,\u201d he said.<\/p>\n

He added that the increment has been achieved as a result of strengthening their partnerships. \u201cConsequently, several partners have sought to continue working with the kingdom and this has been evidenced in the enthusiasm they have to renew the partnerships and to recommend other partners from their networks to work with the kingdom,\u201d he said.<\/p>\n

In pursuit of the 2023-2028 strategic plan, Mengo believes that it will deliver broad-based transformation, create new wealth prospects and create more economic opportunities for all the people of Buganda.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Buganda Kingdom has revealed that it plans to spend Shs209b on running its activities and operations in Financial Year 2023\/2024. Unveiling the budget before the kingdom parliament (Lukiiko) yesterday, the institution\u2019s finance minister, Mr Robert Waggwa Nsibirwa, said revenue collection is expected to increase by 22.5 percent during the financial year. \u201cThe […]<\/p>\n","protected":false},"author":84,"featured_media":56040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,240,234],"class_list":["post-56042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nBuganda Kingdom\u00a0 unveils Shs200b budget - Uganda<\/title>\n<meta name=\"description\" content=\"Buganda Kingdom has revealed that it plans to spend Shs209b on running its activities and operations in Financial Year 2 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/buganda-kingdom-unveils-shs200b-budget\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buganda Kingdom\u00a0 unveils Shs200b budget\" \/>\n<meta property=\"og:description\" content=\"Buganda Kingdom has revealed that it plans to spend Shs209b on running its activities and operations in Financial Year 2 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/buganda-kingdom-unveils-shs200b-budget\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-26T11:08:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-26T12:20:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/09\/sm_1695714552.395636.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/buganda-kingdom-unveils-shs200b-budget#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/buganda-kingdom-unveils-shs200b-budget\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Buganda Kingdom\u00a0 unveils Shs200b budget\",\"datePublished\":\"2023-09-26T11:08:10+00:00\",\"dateModified\":\"2023-09-26T12:20:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/buganda-kingdom-unveils-shs200b-budget\"},\"wordCount\":585,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/buganda-kingdom-unveils-shs200b-budget#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2023\/09\/sm_1695714552.395636.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/buganda-kingdom-unveils-shs200b-budget#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/buganda-kingdom-unveils-shs200b-budget\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/buganda-kingdom-unveils-shs200b-budget\",\"name\":\"Buganda Kingdom\u00a0 unveils Shs200b budget - 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