Institute of Certified Public Accountants of Uganda (ICPAU) 15th Uganda Budget Breakfast 2013/14

 

Presentation Links

• 2013/2014 EAC Budget Highlights by Ernst & Young
• Uganda Budget 2013/2014 Tax Proposals and there Implications by PKF
• FS 2013/2014 Budget – Uganda Economic Overview and Outlook by Deloitte
  

Related Links 

• H.E.Yoweri Museveni 2013/2014 Budget Speech
• The President of the Institute of Certified Public Accountants of Uganda, 15th Budget Breakfast
• Background to the Budget 2013-2014
• Budget Speech

2013/2014 National Budget Performance

2013/14 Theme
The journey continues: Towards socio-economic Transformation for Uganda.

Uganda’s economy rebounded significantly growing at 5.1% in FY2012/13. Inflation was recorded at 3.6% as at end May 2013 and the value of the Uganda shilling against major currencies is improving.

Key Indicators
Sovereign rating-Standard and Poor’s   B+

GDP   6.0%   (5.1% for 2012/13)

Inflation 3.6% (May 2013)

2013/2014 Sector Priorities

• Infrastructure development (Energy & transport)
• Enhance scientific Innovation for industrialisation and private sector competitiveness
• Support increased agricultural production and productivity
• Enhancing the quality of education, health and water
• Enhance transparency and accountability

Resource Envelope

Source	Amount (Trillion)
Uganda Revenue Authority	8.5
Non-Tax revenue	0.3
Government securities	1.04
Savings	0.70
Total domestic	10.54
External financing	2.70
Total resource envelope	13.24

Priorities in Budget Allocations 

Sectors with high budget allocations include the following;

Sector	Amount(Trillion)
Works and transport	2.3
Education	1.8
Energy and mineral development	1.7
Public sector management	1.1
Security	1.04
Health	0.96
Total	8.90

The total budget allocation of 8.9 trillion is 67% percentage of the total budgeted expenditure of 13.1 trillion.

New Taxes

• Tax on gambling
• VAT on water , wheat flour and hotel accommodation
• 10% levy on mobile money transfer
• International call tax