Government yet to spend half of national Budget at mid-year

Finance minister arrives to read the 2014/15 financial budget in June last year. Government has so far spent Shs5.6 trillion, according to the Finance ministry half year performance. FILE PHOTO

What you need to know:

Unutilised. Wage performance absorption is lowest with unspent funds.

Kampala. About Shs5.6 trillion has been spent by government departments out of the approved Shs15 trillion Budget for this financial year (2014/2015).
According to a statement released by the Ministry of Finance on its half year expenditure performance, Shs6.3 trillion was released to government institutions, making up 41.9 per cent of the approved Budget.
“Out of the total funds released, 88.94 per cent was spent, amounting to Shs5.59 trillion,” the statement reads in part.
However, the Shs5.6 trillion so far spent out of Shs15 trillion show that government has not even used half of the budget funds meant for the financial year.
This brings a case of low absorption of funds meant to be spent.

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