Economic growth will reduce budget deficit

Finance Minister Maria Kiwanuka displays the Budget brief case last year. File photo

What you need to know:

When the government spends more than it collects from tax it has to borrow money to make up the difference.

According to the Budget Framework Paper 2014/15, the fiscal deficit for the current financial year 2013/14, excluding grants is projected at -9.1 per cent.


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