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EU gives Uganda sh30b after impressive financial management

Mike Obua by Mike Obua
January 2, 2017
in Business, News
1 min read
EU gives Uganda sh30b after impressive financial management
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With Uganda’s Finance Ministry reforms heralded the best in East Africa and possibly continent-wide, the European Union has given the country a new $8m (about sh30billion).

Signed on Friday by EU’s head of delegation to Uganda, Christian Schmidt, the new grant has been advanced because the block is happy with the government reforms in public finance management and will support the third phase of the Financial Management and Accountability Programme (FINMAP III) according to a report by Taddeo Bwambale.

The programme is sought to facilitate the efficient, effective and accountable use of public resources inorder to improve service delivery at both local and central government levels.

Finance minister Matia Kasaija thanked the EU and listed the priority areas where such interventions are needed include: legislature, public sector management, public administration, justice, law and order, defence and security.

“We expect that the FINMAP III programme will facilitate efficient use of public resources for improved service delivery,” Kasaija said.

Although EU’s Schmidt pledged more funding to the Finance ministry, the envoy said non-performing ministries would not get funding from Europe.

Mike Obua

Mike Obua

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