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Vol 50 No 13

Published 26th June 2009


Unable to spend

Uganda's first female Finance Minister, Syda Namirembe Bbumba, was big on optimism with her $3.6 bn. budget, which had no tax increases. With economic growth expected to slow from 7.3% to 6%, the Minister maintained her predecessor's focus on transport and energy infrastructure, with more funds for roads and to reinstate a ferry service to Tanzania on Lake Victoria. Extra cash goes to the Energy Fund for emergency thermal power generation and a feasibility study for a 700 megawatt dam on the Nile at Karuma. Transport infrastructure got $600 mn., energy infrastructure $349 mn. and education $500 mn.

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