Cash-strapped Kasaija, trims 2021/22 budget by UGX4.36 trillion; plans to raid Petroleum Fund for UGX200 billion to patch holes in his pockets

Uganda’s Ministry of Finance, Planning and Economic Development (MoFPED) has trimmed down government planned expenditure for the Financial Year 2021/22 by at least UGX4.36 trillion, indicating anticipated failure to meet its revenue targets on an already shoestring budget. Initially in the Budget Framework Paper (BFP), laid before Parliament, government anticipated a resource envelope of UGX45.66 trillion, which was a few billions shy of the UGX45.49 trillion allocated for FY2020/21. The year before, the budget was increased by some UGX5.85 trillion, up from UGX39.64 trillion in 2019/20.  The revised budget presented today by the Finance Minister Matia Kasaija to the Parliamentary…