Daily Monitor
Thursday April 15 2021
The Minister of Finance, Mr Matia Kasaija (right), and other finance officials appear before the Finance Committee of Parliament yesterday. PHOTO | ALEX ESAGALA
Summary
In the next financial year, Finance minister Matia Kasaija wants to pick Shs200b from the Oil Fund/ Petroleum Fund to finance spending pressures.
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The Ministry of Finance officials yesterday presented details on sources of revenue for the Shs41.2 trillion Budget for the Financial Year 2021/2022.
In the next financial year, Finance minister Matia Kasaija wants to pick Shs200b from the Oil Fund/ Petroleum Fund to finance spending pressures.
The plan according to sources in the Finance ministry is to pick the money from the Petroleum Fund/ Oil Fund and take it to the government kitty where it will be shared according to the 2021/22 National Development Plan III priorities.