Tough times ahead for gov’t suppliers as a meagre UGX200bn is allocated to clearing UGX7.6 trillion in domestic arrears

Finance Minister, Matia Kasaija and Permanent Secretary/Secretary to the Treasury Ramathan Ggoobi’s Domestic Arrears Strategy created in June 2021 seems to be failing miserably.

Members of the Civil Society Budget Advocacy Group (CSBAG) have urged the government to address domestic arrears in the 2023/2024 financial year. The civil society group led by their economist, Patrick Rubangakene was on Monday, 27 March 2023 presenting their position on the Ministerial Policy Statements for 2023/2024 before the Committee on Finance, Planning and Economic Development chaired by Hon. Keefa Kiwanuka. Domestic arrears refer to short-term debts incurred by Governments against unpaid procurement invoices for the supply of goods and services during a given financial year.  According to Rubangakene, the UGX200 billion budgeted to clear arrears is insignificant to…

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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