The Open Budget Survey 2019 results for Uganda were launched in Kampala.
Uganda has been named the best country in East Africa and second-best in Africa after South Africa following the 2019 Open Budget Survey results.
The Open Budget Survey 2019 results for Uganda were launched in Kampala. They were presented by Uganda Debt Network working in partnership with the Ministry of Finance.
According to the results, Uganda’s overall score is above the global average of 45%, and that Uganda is the best in East Africa and second in Africa after South Africa.
The open Budget survey is a global measure of public sector budgets based on the three pillars of budget transparency, public participation and budget oversight.
Uganda is ranked 36th among 117 countries assessed with a score of 58%. The top six countries include New Zealand, South Africa, Mexico and Brazil.
Globally citizen’s participation in the budget process stands at a dismal 14%.
While launching the results, Commissioner Budget Policy and Evaluation Department at the Ministry of Finance, Godwin Kakama pledged to further spearhead deepening government engagement with the public on issues of the budget.
Kakama who stood in on behalf of the Ministry said that they will promote mechanisms for members of the pubic and executive officials to exchange views on matters concerning the national budget.
“We shall pilot mechanisms for members of the public and executive officials to exchange views on national budget matters during the formulation of the national budget,” said Kakama.
Meanwhile, the Ministry of Finance says that the performance of the Economy report for June 2020 is out.
In the financial sector, the Uganda shilling appreciated by 1.4% against the US dollar in June 2020 as inflows outmatched outflows.
The exchange rate traded at an average amount of Shs 3,737.94/ US dollar compared to Shs 3,791.46/ US dollar in May 2020.
In the real sector, annual headline inflation rose to 4.1% in June 2020 from the 2.8% in May 2020 on account of an increase in annual core inflation from 3.2% to 4.9% in that period.
Earlier, the Ministry issued the Budget Execution circular for 2020/21 to all accounting officers and chief executives of state-owned enterprises and corporation communicating the adjusted cash flow plan of government for FY reiterating NDP III and the budget strategy for FY 2020/21 as well as the policy and administrative issues to guide budget implementation.