Ineffective financing and prioritization affecting Uganda’s growth and development- Kisamba Mugerwa

21
9403

Lack of adequate financing and prioritisation of government programs is one of the leading challenges facing Uganda’s much sought growth and development.

Speaking at the annual Institute of Certified Public Accountants of Uganda (ICPAU) Economic Forum, Dr. Patrick Birungi the Director in charge of Planning at the National Planning Authority who represented Dr. Wilberforce Kisamba Mugerwa noted that there was misalignment between the intent of the budget and the actual budget allocations.

He further noted that the poor budget or fiscal discipline that in turn leads to frequent supplementary expenditures and off budget financing; public borrowing that is not aligned to the NDP priorities and the high interest payments were crowding out budget allocations to key sector and priority infrastructure projects that are key in driving growth and improving competitiveness of the economy.

Other challenges he noted were, in implementing national development priority programmes and projects, a week private sector, delayed realisation of the oil and gas revenues, high population growth and increasing dependence burden eroding the benefits of increasing economic growth.

This year’s three day forum themed ‘Supporting the economic Growth and Development’ was at was attended by over 400 participants from the different sectors of the economy.
On his part, CPA Prof. Samuel Ssejjaaka during his presentation stressed the need for government to embrace industrialisation through agriculture. This, he noted was where the country had a comparative advantage over others. He noted that, unlike in other industrial activities, it is only in agriculture where the country can establish a value chain right from planting, to harvesting, processing and exportation. It is only through agribusiness that the country will be able to attain the much desired industrialisation, which in turn will aid growth.

In his opening remarks, CPA Frederick Kibbedi the ICPAU President thanked government for considering some of the Institute’s recommendations made during the 2017 Economic forum while formulating policies during the 2018/2019 National Budget pronouncements. The recommendations bordered on infrastructure, ICT, education and agriculture.

The three day forum that commenced today at Imperial Resort Beach Hotel in Entebbe will run until Friday 20th 2018. Some of the speakers will include, CPA Dr. Protazio Begumisa, the Commissioner in charge of Audit and Compliance at the Uganda Revenue Authority, Prof. Ndebesa Mwambutsya, Mr. Gideon Badagawa among others.

By: John Linonn Sengendo

Public Relations Officer

ICPAU

21 COMMENTS

  1. The manufacturer-backed every buy of the Maxrock earphones with a 3months no problem warranty.
    You possibly can read the information of CozyPhones Sleep Headphones
    with Travel Bag – Ultra Thin Earphones – Most Comfortable Headphones for Sleeping – Perfect for
    Air Travel, Relaxation, Meditation & Insomnia – BLACK, for the deciding on a purchase order.
    Our helpful carry bag makes it straightforward to take
    your sleep earphones with you, in the air or on the highway.
    Safety signifies that if a smoke alarm blows up within the mid of
    the night and you are carrying your earbuds, you possibly
    is not going to take notice of it, mainly if earbuds have the characteristic of noise
    cancellation. This particular sort of headphones isolate the
    sounds coming from the outside, that means the skin noise will
    not interfere with what you’re listening. Finally GET An awesome NIGHT’S SLEEP – Drift away whereas blocking sounds that keep you awake
    or soothe your racing mind and calm down in peace – 100% Money Back Guarantee – Click TO ORDER NOW.

  2. Undeniably believe that which you said. Your favorite
    reason seemed to be at the net the simplest
    factor to bear in mind of. I say to you, I certainly get annoyed at the same time as other people
    consider worries that they plainly do not understand about.
    You managed to hit the nail upon the highest and also outlined out the whole thing with
    no need side-effects , people could take a signal.
    Will likely be back to get more. Thanks

  3. Hi, Neat post. There is a problem along with your website in internet explorer, would test this?
    IE still is the marketplace leader and a big portion of folks
    will miss your wonderful writing due to this problem.

  4. Very nice post. I simply stumbled upon your weblog and wished to mention that I have truly loved browsing your blog posts.
    In any case I will be subscribing on your feed and I’m hoping you write again very soon! http://avtoluxmagazin.in.ua/index.php?option=com_kunena&view=topic&catid=2&id=1298&Itemid=521 http://hockey-equipment-for-sale-or-for-free.1128725.n5.nabble.com/zynga-slaying-suppose-td602.html http://keshev-k.com/forum/4/339-messi-websites-superstars-garner

  5. Today, while I was at work, my sister stole my apple ipad
    and tested to see if it can survive a 30 foot drop, just so she
    can be a youtube sensation. My iPad is now broken and she has 83 views.
    I know this is completely off topic but I had to share it with someone!
    Fotbollströjor

  6. I am extremely impressed with your writing skills as well as with the layout on your blog.

    Is this a paid theme or did you customize it yourself?
    Either way keep up the excellent quality writing, it is
    rare to see a nice blog like this one nowadays.

  7. Hey There. I found your blog using msn. This is a
    really well written article. I’ll be sure to bookmark it and return to read more of your useful info.
    Thanks for the post. I will definitely return.

  8. Somebody necessarily lend a hand to make significantly articles I
    miht state. That is the verry first time I frequented
    your website page and upp to now? I amazed with the analysis you made to reate this particular put up extraordinary.
    Wonderful job!

  9. I do not even know the way I finished up here, however I believed this publish was good.

    I don’t realize who you might be however certainly you’re going to a
    well-known blogger in case you are not already. Cheers!

  10. How helpful sensors might be in our life. ElectronicsIn the era of in the present day when know-how has been the most
    effective good friend to individuals, Bluetooth wireless earbuds are one of the best and most comfortable choice
    to make use of in each day life. I had cheaper noise cancelling earbuds up to now.
    Generally, noise throughout the evening is considered to be disruptive to sleep.

    This is a wireless sleep cellphone that can hook up
    with your machine wirelessly. We additionally do not recommend
    wired headphones since they can turn out to be extremely tangled
    while you’re sleeping, in your system, or around your neck, and pose a
    hazard. The MMUSS headphones have a tangle-free braided cable and a microphone and control button for taking calls, adjusting volume and music tracks and connecting with Siri.
    It’s also nice to know you’ve gotten food and drinks for these late evenings when you’ll
    be working on some onerous core studying for that Physics examination. ElectronicsIf you’re within the market for one thing good to put on on your wrist, your two principal options are
    a smartwatch and a fitness tracker. The speakers are highly effective, with good stereo separation.

  11. hello!,I like your writing very a lot! proportion we keep
    up a correspondence extra about your article on AOL? I need a specialist on this area to resolve my problem.

    May be that’s you! Looking forward to peer you. http://a-mom-s-view-of-adhd-forum.982333.n3.nabble.com/info-article-on-manuals-young-boys-and-girls-td4030161.html http://table-rock-lake-party.56548.x6.nabble.com/led-pre-lit-blockade-through-Qatar-td404.html http://sok.forumcrea.com/viewtopic.php?pid=1606

  12. My programmer is trying to convince me to move to .net
    from PHP. I have always disliked the idea because of the expenses.
    But he’s tryiong none the less. I’ve been using Movable-type on several websites for about a year and am
    nervous about switching to another platform. I have heard excellent things about blogengine.net.
    Is there a way I can import all my wordpress posts into it?
    Any help would be greatly appreciated! Fotbollströjor På
    Nätet

LEAVE A REPLY

Please enter your comment!
Please enter your name here