Tax Revenue collections during the month amounted to Shs1, 253 billion reflecting 100.1 percent performance. This was mainly due to the performance of direct domestic taxes which were above target by 16.2 percent arising from withholding tax and corporate tax, according to performance of the economy report for April 2019.
According to the report, non-tax revenue collections also registered a surplus of Shs5.4 billion against the target of Shs36.1 billion. “Cumulatively, from July 2018 to April 2019, domestic revenues amounted to Shs 13,481.4 billion registering a surplus of Shs 365.5 billion against its target over the same period, says the report.
Meanwhile, fiscal detail revenue and grants amounted to about Shs1 trillion in April 2019. This performance was below the target by Shs 116.4 billion (8 percent) entirely on account of performance of grants whose disbursement was only 24.1 percent of the programmed Shs 162.2 billion.
The report says government expenditure during the month totaled to about Shs2.3 billion representing an 88.1 percent performance against the programmed target. This low expenditure was entirely on account of low spending on externally financed projects due to continued low absorption capacity by implementing agencies. Domestic development spending during the month was Shs746 billion. An equivalent of 188.9 percent when compared to the programmed spending for the month. Of this, Shs 231 billion was used to purchase the two Bombardier aircrafts for Uganda Airlines and Shs 215 billion for the construction roads and bridges under UNRA.
Similarly, recurrent expenditure was 13.9 percent higher than the planned target of Shs 962.9 billion. “This was mainly due to higher wages and salaries of Shs 372.4 billion paid during the month against the programmed Shs 353.5 billion and other recurrent expenditure of Shs 607.7 billion against its programmed target of Shs 470.7 billion,” the report says.
