PRESIDENT MUSEVENI RETURNS APPROPRIATIONS BILL, CAUSING UNCERTAINTY FOR 2024/25 FINANCIAL YEAR

Описание к видео PRESIDENT MUSEVENI RETURNS APPROPRIATIONS BILL, CAUSING UNCERTAINTY FOR 2024/25 FINANCIAL YEAR

July 1 is when the start of 2024/25 financial year, yet clarity on its launch eludes the public due to President Museveni’s return of the appropriations bill to Parliament. This move questions reallocations made during the budget's initial passing on May 16.
Former Minister of State for Finance in charge of planning and architect of the Budget Act of 2001, Isaac Isanga Musumba, says that while this situation isn't yet a crisis, it could potentially lead to governmental maladministration.

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