×
  • HOME
  • NEWS
  • ENTERTAINMENT
  • HOT 100
  • SOCIAL
  • FEATURED
  • ×
    close
    profile photo
    National

    Inside Buganda Kingdoms 257 billion FY 2024-2025 Budget

    141 views
    Inside Buganda Kingdoms 257 billion FY 2024-2025 Budget
    • June 26, 2024 • 4 days ago
    in summary
    The Buganda Kingdom Parliament approved a Shs257.4 billion budget for 20242025, prioritizing development, agriculture, and education. Increased revenue from 20232024 allowed for expanded allocations. The budget includes significant funds for tourism, health initiatives, HIVAIDS awareness, sports infrastructure, and environmental conservation, aligning with the Kingdom's strategic plan for 2023-2028.

    The Buganda Kingdom Parliament, known as the Lukiiko, approved its budget for the 2024/2025 financial year, highlighting a significant focus on development, investment, agriculture, and education. The newly approved budget stands at Shs257.4 billion, reflecting an increase from the Shs209.4 billion allocated for the previous fiscal year.

    Presenting the budget, Robert Wagwa Nsibirwa, the Kingdom’s 2nd Deputy Prime Minister and Finance Minister, noted that revenue collection for the 2023/2024 fiscal year surpassed expectations, reaching Shs210 billion compared to the projected Shs209 billion. This positive revenue performance has allowed for an expanded budget to address key areas.

    In the new fiscal plan, Shs61 billion is earmarked for development and investment, Shs47 billion for agriculture, and Shs23 billion for education. On the lower end of the funding spectrum, bank clearance receives Shs35 million, hiring experts Shs58 million, and supporting the Nnaabagereka Foundation Shs54 million.

    Nsibirwa outlined several revenue streams to bolster the Kingdom’s finances, including tourism, county activities, partnerships, and educational income. Additionally, the Kingdom aims to reduce expenditures by 25 percent. He emphasized plans to revitalize the Kabaka Education Fund and increase revenue from educational institutions to further boost income.

    Tourism is set to play a crucial role in the Kingdom’s financial strategy, with the imminent reopening of the Kasubi Tombs expected to attract tourists and generate significant income. Other cultural tourism sites are also anticipated to contribute to the Kingdom's revenue.

    Health initiatives are another focal point in the budget, with Shs3 billion allocated to the sector. The Kingdom plans to establish outpatient health centers in six regions: Singo, Buddu, Kyagwe, Busiro, Bulemeezi, and Kyadondo. These centers aim to provide free medical treatment through the Buganda Kingdom mobile hospital. Additionally, health camps will be organized across all regions to offer free treatment and services to the Kabaka’s subjects.

    The fight against HIV/AIDS remains a priority, with continued collaboration with UNAIDS, the Uganda AIDS Commission, and other partners. Nsibirwa mentioned plans to distribute informative flyers and conduct sensitization programs in 100 schools per region to raise awareness about the dangers of HIV/AIDS.

    In an effort to promote sports, the Kingdom has instructed regional chiefs to secure land for constructing football grounds, starting with Buddu, Mawokota, Kyaddondo, and Kyaggwe. By the end of the fiscal year, these regions should have designated land for these projects.

    Under its innovation initiatives, the Kingdom is launching environmental conservation efforts through the Nalubaale Ebeewo project, focusing on cleaning up water bodies. This project involves collecting plastic waste from rivers, lakes, and springs that connect to Lake Victoria, with active participation from the youth.

    Nsibirwa concluded by stating that the budget aligns with the Buganda Kingdom's strategic plan for 2023-2028, aiming to ensure sustainable development and progress in key sectors.

    Leave a Comment below about this story


    In other News

    Trade PS Geraldine Ssali Summoned Over Shs164b Cooperative Compensation Probe
    Trade PS Geraldine Ssali Summoned Over Shs164b Cooperative Compensation Probe
    ...
    Former LoP Ogenga Latigo Criticizes Speaker, Deputy - "They Are Undeserving"
    Former LoP Ogenga Latigo Criticizes Speaker, Deputy - "They Are Undeserving"
    ...
    Jack Harrison Returns to Everton on Loan.
    Jack Harrison Returns to Everton on Loan.
    ...
    How to Start a Fashion Blog: Tips and Tricks for Success
    How to Start a Fashion Blog: Tips and Tricks for Success
    ...
    Netizens react after citing Sasha Ferguson and Canary Mugume lovey dovey in public.
    Netizens react after citing Sasha Ferguson and Canary Mugume lovey dovey in public.
    ...
    Spain Aims For Perfect Record Against Georgia in Euro 24
    Spain Aims For Perfect Record Against Georgia in Euro 24
    ...
    Latest News
    Crossbow Attack on Israeli Embassy in Serbia Sparks Terrorism Probe
    Crossbow Attack on Israeli Embassy in Serbia Sparks Terrorism Probe
    32 minutes ago
    Museveni Urges Families to Engage in Wealth Creation at Inter-Religious Family Festival.
    Museveni Urges Families to Engage in Wealth Creation at Inter-Religious Family Festival.
    51 minutes ago
    usercover Alex Kash boy   23 hours ago on Socialviba
    Hey guys, go and subscribe to my YOUTUBE CHANNEL 🙏🙏
    storycover
    click on this post to tell us what you think!
    Write a comment...

     

    Today's Hot Stories
    1
    Eddy Kenzo and Phiona Nyamutoro set to hold  their introduction ceremony
    Eddy Kenzo and Phiona Nyamutoro set to hold their introduction ceremony
    Lifestyle
    2
    5 Simple Ways to Improve Your Posture and Reduce Back Pain
    5 Simple Ways to Improve Your Posture and Reduce Back Pain
    Lifestyle
    3
    10 Morning Habits to Boost Your Productivity
    10 Morning Habits to Boost Your Productivity
    Lifestyle
    4
    Jackie Chandiru
    Jackie Chandiru's Courageous Comeback: Overcoming Stage Fright with Blu 3
    Entertainment
    5
    5 Simple Ways to Reduce Stress and Anxiety in Your Daily Life
    5 Simple Ways to Reduce Stress and Anxiety in Your Daily Life
    Lifestyle
    6
    How to Create a Home Workout Routine That Actually Works
    How to Create a Home Workout Routine That Actually Works
    Lifestyle
    7
    Lydia Jazmine in tears after losing millions of money to a fraudster
    Lydia Jazmine in tears after losing millions of money to a fraudster
    Entertainment
    8
    How to Boost Your Confidence and Self-Esteem
    How to Boost Your Confidence and Self-Esteem
    Lifestyle
    9
    The Benefits of Learning a New Skill or Hobby for Personal Growth
    The Benefits of Learning a New Skill or Hobby for Personal Growth
    Lifestyle
    10
    The Importance of Getting Enough Sleep for Overall Health
    The Importance of Getting Enough Sleep for Overall Health
    Lifestyle
    Listen to Music on Nowviba