As Uganda reads its budget 2020/2021, many people get worried on how to live amidst an increase in the fuel prices. The 45.4trillion budget is expected to be funded by local revenue at 81%, a clear indication that taxes on various products are to go high.
Taxes levied on petrol have increased from Sh1,200 to Sh1,350 and diesel from Sh880 to Sh1,030= an increase of 150= per litre on each.
Though many youth in Uganda have embraced ICT, it has been the least funded with 136.2billion making a 0.5% share from the national cake. This puts job creation through ICT at balance.
Agriculture the country’s economic backbone has been allocated 950.6billion standing at of 3.2%.
Science and innovation to be run on a 163.3billion budget – 0.5% while other social developments get a share of 173.2billion – 0.6%.