Shs600Bn COVID-19 Supplementary Budget Approved By Cabinet

Shs600Bn COVID-19 Supplementary Budget Approved By Cabinet

By Simon Abaho

Cabinet has approved a total of Shs600 billion for supplementary expenditure to respond to COVID-19 and other contingencies in the new Finance Year (FY) 2021/22.

The Ministry of Finance and Economic Planning on Tuesday, July 6, said that the funds for Quarter One, FY 2021/2022 will only be released to votes where the Accounting Officers appointed have submitted their acceptance letters and their performance contracts duly countersigned.

Warrant submissions to facilitate approval should reach the ministry this Friday 9th July

As a consequence of the projected shortfall in revenue of Shs 2 trillion and the need to respond to the COVID-19 emergency through a supplementary of Shs.600 billion, budgets of MDA’s have been suppressed by up to 41.2%.

This includes a freeze on travel abroad, workshops, and seminars.

Accounting officers should prioritize the allocation of the expenditure limits to the critical activities that contribute significantly to the attainment of Vote outcomes without accumulating arrears.

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