By Our Reporter
Buganda Kingdom will receive a total of Shs38.5 billion in this 2025/26 Financial Year, State Minister for Finance, Henry Musasizi, has announced.
Appearing before Parliamentary Budget Committee to respond to issues raised by the Budget Committee on the draft estimates of revenue and expenditure for the next financial year,Musasizi informed MPs that even though Shs154 billion is needed to compensate the Buganda Kingdom, Shs38.5 billion will be made available to the kingdom next financial year.
According to Musasizi the money owed by the kingdom will be paid in installments over the next four financial years.
Musasizi also revealed that the Ministry of Works and Transport will receive Shs3.95 billion for the completion of works at the Uganda Martyrs Catholic Shrine in Namugongo meanwhile Ministry of Agriculture will receive Shs60 billion for the introduction of coffee growing in Northern Uganda.
Musasizi revealed that atleast 2.5 millionpeopele have benefitted from the Parish Development Model (PDM), with an additional Shs1.5 trillion earmarked to reach households that are yet to be covered.
The government unveiled a Shs40.7 trillion budget for the 2025/26 financial year, highlighting major allocations across crucial sectors to stimulate economic expansion and national development.
This is outlined in the Appropriation Bill, 2025, which was presented for its initial reading by the Minister of State for Finance (General Duties), Henry Musasizi, during a parliamentary session on Thursday, 27 March 2025.
The Bill specifies the government’s expenditure priorities for the upcoming year and seeks to authorize public spending for the period ending 30 June 2026.
As per the budget breakdown, the Defence sector has been allocated Shs3.737 trillion to bolster national security. This includes Shs1.701 trillion for recurrent expenses such as wages and operational costs, while Shs2.036 trillion is earmarked for development initiatives, including modernizing equipment and infrastructure.
Ministry of Works and Transport to receive Shs5.698 trillion,Energy sector has been granted Shs1.586 trillion to facilitate oil refinery expansion, renewable energy advancements, and mineral exploration.
The health sector will benefit from Shs1.398 trillion in development funds, including Shs103.8 billion for renovations at Mulago National Referral Hospital and Shs91.5 billion for the Uganda Cancer Institute. An extra Shs204.7 billion has been designated for recurrent medical expenditures.
The education sector will receive Shs497.1 billion for operational costs and Shs322.9 billion for capital projects. Makerere University has been allocated Shs33.9 billion to enhance its academic programs and infrastructure.
Meanwhile Agriculture has been assigned Shs611.5 billion for development programs and Shs188.1 billion for operational expenditures. These funds will support agricultural innovation, livestock expansion, and fisheries management nationwide.