Shs350bn Unspent Funds In 2018/19 Returned To Treasury

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Ministries, Departments, and local governments failed to spend 349.7 billion shillings out of the 33.3 trillion by 30 June in the 2018/19 Financial Year. The Public Finance Management Act, 2015 provides that all unspent balances are sent back to the Consolidated Fund as at 30 June. The ministries, departments, and agencies failed to spend 210 billion shillings while local government failed to absorb 139.5 billion shillings. National Agricultural Advisory Services (NAADS) secretariat failed to spend shillings 39.7 billion, Parliamentary Commission (shillings 27 billion), Petroleum Authority of Uganda (16.5 billion) and…

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