This April to June quarter 2017; we are looking at the Government’s top economic objective of overhauling public infrastructure development and its ability to stimulate the economy. Inside the bulletin, we explore what this means for Uganda.
In our analysis of the economic outlook in this quarter’s bulletin our focus is on the Government’s prioritization of public infrastructure development and its ability to stimulate the economy.
Infrastructure development is critical for unlocking Uganda’s binding constraints to economic development in order to enable an economy to realize its full potential. Investment in infrastructure can also act as a fiscal stimulus to drive growth in the economy. This is the reason why infrastructure development is currently the Government’s number one economic priority.
The Government is currently embarked on a ten-year multibillion-dollar public infrastructure development projects.
Total government expenditure for financial year 2017/18, net of lending is projected at 22.7% of GDP. The bulk of this expenditure will go to development spending on scaling up public investment projects by Government.
This bulletin looks at Government's proposed budget allocations for FY 17/18. Specifically, we analyse its proposed budgeted 35% increase in expenditure on Power and Infrastructure and contrast this with the proposed 11% reductions in expenditure...