Uganda lawmakers approve smaller budget as foreign funding falls

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Covid-19 could have an even greater impact on our economy next year, says the writer. (Getty)
Covid-19 could have an even greater impact on our economy next year, says the writer. (Getty)

Ugandan lawmakers approved spending plans of 44.7 trillion shillings ($12.6 billion) for the year through June 2022, about 714 billion shillings smaller than the current budget, partly on lower external funding, according to information from the nation's parliament.

The government will draw at least 200 billion shillings from its petroleum fund to help finance the construction of roads in its oil-rich region as companies, including Total SE, prepare to start production early 2025.

Authorities in Kenya, Uganda and Morocco have reported the presence of the variant known as B.1.617 that is overwhelming the health system in India, Africa Centre for Disease Control's director, John Nkengasong, said in an online briefing Thursday. Nigeria, Kenya, Uganda and Tanzania are among countries that have temporarily banned flights from India.

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