BUDGET

The East African - - BUSINESS -

The govern­ment pro­poses to spend Ush34.3 tril­lion ($9.2 bil­lion) in the next fi­nan­cial year, com­pared with Ush32.7 tril­lion ($ 8,8 bil­lion) al­lo­cated in the cur­rent fi­nan­cial year. How­ever, debt re­pay­ment will take 34 per cent of the re­source en­ve­lope while in­ter­est pay­ments will es­ca­late to Ush2.9 tril­lion ($779 mil­lion), or 11.4 per cent of the to­tal. Al­lo­ca­tions to key so­cial sec­tors such as health, education, so­cial de­vel­op­ment, agri­cul­ture, wa­ter and en­vi­ron­ment will shrink by 12 per cent.

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