By Herbert Bukenya
The Buganda Kingdom finance Minister Owekitibwa Waggwa Nsibiriwa presented a budget of 96.5 billion shillings up from 74 billion last year representing growth of over 30% planned expenditure for the Kingodm.
While presenting the 2018-2019 budget of Kingdom to the Buganda Lukiko, Owekitibwa Nsibirwa noted that they expect the revenue to come from Buganda land board operations, fees paid by students in kingdom institutions, rent from the kingdom’s properties and revenue from its media houses among other sources.
A number of major investments are planned to be financed by this money and key among these is a mineral water production company, a kingdom insurance company, a new building for Mutesa One Royal university, a commercial building in Makindye and further renovation of the Mengo palace twekobe to mention but a few.
10 years ago the Kingdom’s budget stood at 18 billion rising to about 30 billion 5 years back showing a steady rise in revenue and expenditure which has also been followed by massive investment.
Do you have a story in your community or an opinion to share with us: Email us at email@example.com