Kampala, Uganda – In a recent session with Members of Parliament, the Ministry of Finance provided an explanation regarding the substantial sum of 16.6 trillion Ugandan Shillings that had been borrowed but remained unspent over several years. This revelation has raised eyebrows among legislators who are concerned about fiscal responsibility and effective use of public funds.
During the meeting, finance officials outlined the reasons behind the unutilized funds, attributing delays to various factors including project implementation challenges and administrative bottlenecks. They assured MPs that efforts are underway to address these issues and facilitate quicker deployment of resources towards essential development projects.
Minister Matia Kasaija emphasized that these funds are crucial for advancing infrastructure and social services in Uganda. He expressed commitment to enhancing collaboration among government entities to ensure that borrowed resources are effectively utilized for their intended purposes.
The dialogue underscored the critical role of parliamentary oversight in financial matters, with MPs calling for greater accountability and transparency in how public funds are managed. As discussions continue, there is a consensus on the need for improved mechanisms to monitor and evaluate government spending.