The Speaker of Parliament, Anita Annet Among, has appealed to government to strengthen the oversight role for government projects and programs especially the Parish Development Model, youth livelihood fund, Emyooga and other projects intended to uplift the socio-economic welfare of the populace.
During her communication to the August house sitting today at Kololo Independence grounds for budget reading for the next financial year 2025-2026, Speaker Among noted that the broad prospects of socio-economic programs require enhanced supervision of utilization of funds for realization of their intended objectives.
Speaker of parliament Anita Among also pledged to the president to strengthen the implementation and oversight of high impact projects under the National development.
Government says the next 15 years of successive implementation of the National Development Plan 4 will mark the attainment of the tenfold Economic Growth Strategy that aims to expand the size of the economy to USD 500 billion by 2040, from USD 61.3 billion estimated this financial year 2024/25.
The Minister for Finance, Planning and Economic Development Matia Kasaija notes that over the accountability period, Government has undertaken targeted investments that have built a firm foundation and strengthened the resilience of the economy that have resulted into Total peace, security of person and property, and political stability , the economy more than tripled to Shillings 226.3 trillion, equivalent to USD
61.3 billion.
He added that Poverty decreased to 16.1 percent in FY 2023/24 from 24.5 percent in FY 2010/11 while persons in the subsistence economy reduced to 33 percent in FY 2023/24 from 69 percent in the FY 2010/11, adding that Uganda is becoming a more equal society.
Minister Kasaija said Ugandans can now connect to all borders on tarmac and reach all parts of the country by tarmac or improved murram roads, Installed electricity generation capacity increased fourfold to 2,051megawatts in FY 2023/24, from 595 megawatts in FY 2010/11
Consequently, the proportion of the population with access to electricity increased fivefold to 57 percent in FY 2023/24 from 11 percent in FY 2010/11 and the percentage of the population subscribed to the internet rose to 53 percent in 2022, from 1.8 percent in 2010, and the National ICT Backbone infrastructure extended to 4,300 kilometres in the FY 2022/23, from 1,380 kilometres in FY 2010/11.
ENDS