July 1 marks the start of the 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 raises questions about 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.
