President Yoweri Museveni has confirmed the date for the state of the nation address and presentation of the 2024–2024 financial year budget. The revelation was made by speaker Anita Among.
“I received confirmation from His Excellency the President that he will deliver his Address on the State of the Nation on June 6, 2024, in accordance with Article 101 (1) of the Constitution of the Republic of Uganda 1995,” She said.
“I would like to inform you that the budget speech will be delivered on June 13, 2024. Please take note of these important dates,” Among said.
Last month, the Minister of State for Finance (General Duties), Henry Musasizi, presented a Shs58.34 trillion national budget for the 2024–2025 financial year. The budget is intended to focus on ‘full monetization of the Ugandan economy through agriculture, industrialization, expanding and broadening services, digital transformation, and market access.
The new budget estimates indicate a rise of Shs5.64 trillion compared to the 2023–2024 budget, which amounted to Shs52.7 trillion.
The budget also listed investments in wealth creation initiatives, investments in social sectors like education, health, and water, as well as manufacturing, as the other priority areas. The key priority areas include peace and security, road maintenance and construction of a few strategic roads and the construction of the standard gauge railway, electricity transmission, and utilisation of existing energy stock.
The proposed budget was accompanied by five tax bills, including the Excise Duty (Amendment) Bill, 2024, the Stamp Duty (Amendment) Bill, 2024, the Tax Procedures Code (Amendment) Bill, 2024, the Value Added Tax (Amendment) Bill, 2024, and the Income Tax (Amendment) Bill, 2024.
Equally, during the state of the nation address, the president is expected to discuss security, investments, and wealth creation.
