Avoid Unsustainable Debt Levels That Could Hinder Economic Progress. -RT.Hon Rebecca Kadaga

The 1DPM/Minister for EAC Uganda Rt. Hon. Rebecca Alitwala Kadaga on invitation of SEATINI Uganda officially opened the EAC Post Budget Dialogue of FY 24/25 on Tax and Debt. While delivering her keynote address, the minister said there’s a general increase in the EAC Partner States Expenditure allocations with Uganda’s allocation significantly increasing from UGX 52.763trillion for the financial year 23/24 to UGX 72.130trillion, Kenya’s expenditure about 4 trillion Kenyan shillings, up from the 3.85 trillion Kenya’s shillings for the FY 23/24, United Republic of Tanzania the 24/25 budget is estimated at TSh47.42tillion which is about Sh3 trillion higher than the current financial year’s TSh44.39 trillion budget—however, Rt. Hon Rebecca Kadaga said that an increase in public investment indicates an increase in

infrastructure projects such as roads, bridges, schools, and hospitals as this stimulates economic growth by improving productivity and connectivity. Kadaga also warned that a substantial increase in government speeding could lead to higher inflation if not matched by an equivalent rise in goods and services. The emeritus speaker of the 9th and 10th Parliament of Uganda, in conclusion thanked the organizers for the invitation extended to the Ministry of EAC Affairs and honoring its role of opening the dialogue.

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