What does the Amendments to the Public Finance Management Bill of 2015 intially mean “Government of Uganda not needing approval for short-term loans”

Matia Kasaija

Today there are planned voting for the Public Finance Management (Amendment) Bill of 2015. This is confirmed through the Minister of Finance, Planning and Economic Development Hon. Matia Kasaija. I will first quote the bill itself then comment on the matter at hand.

“An Act to amend the Public Finance Management Act, 2015; to provide for the preparation of Budget Framework Papers by Sector; to repeal the provision on the requirement to represent a certificate certifying that the policy statements of the votes are gender and equity responsive; to provide for virement by a vote of not more then ten percent of the budget of the vote; to provide for further financing of supplementary estimates; and to provide for guarantees and advances by the Bank of Uganda” (P3, 2015, PFMA).

Amendment of Section 13:

“The Minister or another person responsible for the vote, as any case may be, shall base on the priorities identified in the Budget Framework Paper of the sector of the vote, cause to be prepared for the vote, a policy statement for the vote, for the proceeding financial year and shall submit the policy statement to the Parliament by the 15th of March” (P4, 2015, PFMA).

Amendment of Section 17:

“A vote that does not expend money that was appropriated to the vote for the financial year shall by the 31st July of the following financial year, repay the money to the Consolidated Fund, except where the Secretary to the Treasury authorized the vote to retain money” (P4, 2015, PFMA).

“The authority given by the Secretary to the Treasury under subsection (2) shall be valid up to 31st of October of the financial year” (P4, 2015, PFMA).

Amendment of Section 20:

“The functions of a vote may be transferred to another vote or a vote may be assigned additional functions” (P4, 2015, PFMA).

“Where the functions of a vote are transferred to another vote or where a vote is assigned additional functions, the functions of the vote shall be financed accordance with sections 25” (P4, 2015, PFMA).

Amendment of Section 25:

“(4a) Where the funds in the Contingencies Fund are not sufficient to finance the supplementary budget, the supplementary budget shall be financed by a reallocation of the funds of the annual budget” (P5, 2015, PFMA).

Amendment of Section 36:

“(5a) In addition to subsection (5), a loan raised by the Government as a temporary advance by the Bank of Uganda, which does not extend beyond a financial year shall not require to be approved by the Parliament” (P5, 2015, PFMA).

Amendment of Section 82:

“(1) The bank may with the approval of Parliament, make temporary advances to the Government and local governments in respect of temporary deficiencies of recurrent revenue” (P:6, 2015, PFMA).

“(1a) Notwithstanding subsection (1) the bank may take a temporary advance to the Government, without approval of the Parliament, where the advance does not extend beyond a financial year” (P:6, 2015, PFMA).

“(5) The bank shall not guarantee a payment to any person on behalf of Government or make any advance to any person on behalf on of Government without the prior approval of Parliament” (P:6, 2015, PFMA).

Afterthought:

It is reasonable that you have dates for the Budget Framework for the next financial year as they are switching dates in the new amendment. From the 15th of March until the set date of the 31st of July, also by the end of the year pay the money that was voted for into the Consolidated Fund with an exception that the Treasury Secretary has a vote to retain that money. The first changes to the law aren’t really scary or worrying it’s the parts that I come to now seems scary!

In Section 36 the government will have the ability to take up loans without having vote by the Parliament. The Government can henceforth take up advances without being questioned as long as it is set into a certain timeframe. When this continues into the Section 82 where the Government doesn’t need a stamp of approval from the Parliament to take Advances from the Bank of Uganda to secure funding where there is “deficiencies of recurrent revenue”, which means that if a sector of Government is lacking money. They can go directly to the bank and extract funding without having approval from the Parliament. This is to secure balance of funds and to stop the deficiencies in the Government. Still it’s a worrying that the Government can get this ability. (1a) under the same sections is giving the same kind of advance within a financial year without an approval of the Parliament. While the last Section (5) is telling the bank can’t guarantee a payment to any person without approval of the Parliament to a person which represent or are a part of the Government. So With this means that a person or affiliated to the Government can get an advance or loan from the Bank of Uganda without approval of the Parliament, but still not allowed to get a direct payment form the Bank of Uganda. You do get that right? Some of it is if there is a deficiency in the Government. Are there so often missing funds now that the Government has to act in this way, because the lack of funds is so big now that they don’t want approval of the Parliament to fix their own deficiencies? And does the Government fear that giving the information and stamp of validation from the Parliament will show the current loans and advances that the Government does for the moment or need?

The Government must be needing loans towards the election of 2016. That must be reason why the Amendment is happening now and the deficiency is happing now. Also why should it be so hard to get the approval and show the country what the advances and loans are going to during the Financial Year! This is just proving what state of affairs has turned in the country and why people should address it. That this kind of laws get into effect shows how little oversight the Government wants to show and secondly shows how the Government want to loan money without proving paperwork for where the money is going. Since its still short time loans that is to withstand a Financial Year still that this is not looking good, should be visible. The Public Financial Management Amendment of 2015 is surely made to make life easier for the Government and not have to question their actions through the Parliament when it comes to short-term loans and advances. Something is surely up. And we’ll see over time how fruitful this will be and I wouldn’t be surprised if the inflation starts to rise after this amendment to the law get into effect. Peace.

Leadership and Premier League: The examples of Sunderland and Liverpool

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Leaders, managers or coaches deals with issues every day and follows the goals of the clubs that employ them. The different structures depend on the owners and how they perceive the handling of the club. Structures are either set for more power for the owner or more of a coach that has little authority in a club. That goes from Transfers Committee that together with owner picks their targets and aims to build the clubs. Secondly you have the managers who decide the targets on his own.

There is also the difference that shows how much the actual manager will do. Not only picking the tactics and fresh players on match day. They have issues with the contracts and the basic running and progression of the club in general. Because the Manager has a genuine role as the person who is known figure for the club as a president is the leader of a country. Though the powers have a reach for a Manager, but has more pivotal role in a club then a coach or trainer. Like Carver was in Newcastle in the end of the season last year he had less of a reach, then say Mourinho in Chelsea who has put his stamp on the team. I know Carver was a temporary fix before hiring the new manager who has gotten certain freedoms though for many it doesn’t look like it has done the trick for the Northern Club.

I will not talk about Newcastle today, though their spirals of negatives are running high. It’s been like that ever since they sold Cabaye to PSG. The owner Ashley hasn’t run the club well for other things then earning money for the coffers of him the owner and not building a powerful squad. Therefore they are in the role of Aston Villa and are yet another year of fighting relegation and will be amazing if they ever in this campaign get-a-back-to-back VICTORY! We all know that. But I will talk about the club who has showed loosen and digging deeper and deeper on the bottom of the Premier League, that is Sunderland and the ‘Stadium of Lights’.

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Sunderland and the sad tale of Dick Advocaat:

Yesterday the experienced and well-founded manager Dick Advocaat resigned his position in Sunderland after short stint at the club, like so many other of his peers. He was the third savoir in three seasons for the club. First it was Paolo Di Canio who took over and was sacked in second campaign. Then came Gus Poyet in and did an amazing save of the club with big scalps, before continuing another campaign which all the power and flow of the team was in shambles and then they hired Dick Advocaat. Advocaat saved them by a thread last campaign and took on another campaign with promise of getting fresh players to strengthen the squad, because it was needed. There been over time picked cheap options and certain quick fixes instead of building a strong team at ‘Stadium of Lights’.

Ellis Short the owner can defend himself with saying that he hasn’t earned a penny from the club because of the wage paradigm that is in the club. The way the big signing this season was in some way Borini who was one of the first players brought into Liverpool by Brendan Rogders and never fitted the bill. Had one good campaign in Sunderland even if has a loose shot and misses on golden opportunities often. Kaboul went from Tottenham who was to unstable in the defense for them and the same with Coates also from Liverpool. Because the older Brown and O’Shea has not the standard and speed for the league anymore, even if they back in the day was futures under Ferguson in Manchester United. They have gotten this season on loan the striker Lens who showed a magnificent goal that made 2-0 and got Advocaat in tears of joy. This shows for me maybe the best moment of the 8th Round for the simple reason to show how great of a heart as a leader Advocaat has!

Even if Sunderland has Lens, Defoe the misfiring Borini and Fletcher can’t cut it in the long-run. The management from Short and transfers prove that there hasn’t been getting the quality and fitting players to a certain style of play. It has been more patching up and quick-fixes the same as leadership. Under Di Canio the club signed 14 players before he got sacked. Under Poyet he got certain players that had been under his leadership as Buckley and others, but did the significant signing in Jermaine Defoe. Even this stars return from Toronto didn’t spark his team and save his position. Therefore Advocaat had to save them as he did. The signings and ways of progression after Poyet and Di Canio haven’t led to anywhere good. Recent matches has been looking as sad at it has done. The loyalty and continuity doesn’t exist right now. Only thing that is static in the teams play is Lee Cattermole who gets a card both now and then.

The resigning proves the dire situation in the club of Sunderland. And the manager that comes to Sunderland will be in rat-hole even if it’s a club with massive potential. It has 40-50.000 on the stadium on match day. Have high potential pay and possibility to pay for players wages to reach for bigger players. But the leadership and the structure is insufficient. The reigns of such amount of managers at the same time as quick decline after grace periods tells of systematic decline in the team-building and also in man-management. The strength that has been defense has lost it. Because it’s been a while since the attack and mid-field has been exciting, even when Jack Colback was running like crazy for the team, and Rodwell haven’t taken over his presence in the squad. That is very visible!

The way that the managers has gone in and out: First saviors and then sacked in the start or into the next campaign. It doesn’t give the club any stability and quality. The club starts to lack vision and tactical plan to prove what they want. That is also visible in the squad that is fragmented by the buys of different managers who went on the faith of the former ones and their plans. Together with the direct patch-ups and quick-fixes that has become the norm. The manager that comes in has a mountain to climb and has to rebuild the trust with the fans that cover the ‘Stadium of Lights’. Not only with steady results, but get the players to play with their hearts out of their Jersey. Give their blood and sweet and tears into any match. As a neutral it’s been a sad sight to see the steady decline and weakness of Sunderland. Do they want to play in the Championship or still be a proud club in the North who has a place in the Premier League? There is time that Ellis Short tries to build continuity on the leadership side of the club and the strategy they have. Not quick fixes in the end that will hurt the club and the players who try to follow every new idea the new manager has. Something that will be hard to implement and make sufficient to sustain a honorable place in the league.

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Brendan Rodgers slowly falling apart at Merseyside:

Now let me go on another manager who didn’t resign, but got sacked. I have mentioned him in a by-the-way earlier today. Brendan Rodgers the man who has made himself a giant name over the past years. A prospect for managerial roles and future trophy hunter; Brendan Rodgers made a name by getting Swansea up from Championship and then playing high intensity football while delivering results there. From there without any big caps or trophies got hired after FSG sacked club-legend Kenny Daglish.

He started and has been in the way of looking after Character and progress in his teams. For those who has followed him. It’s been his mantra. Looking for the characters and building up players from prospects to finish products or stars to be specific. During the spell of Rodgers they has sold and lost their biggest stars like Gerrard, Sterling and Suarez. The last one to go now is Sturridge and then you would soon see flies come from the pockets.

There was the year that Rodgers leading them to the second position in the league. The campaign that always will be remembered because of the dynamic play and fascinating attacking played of the trio of Sturridge, Sterling and Suarez. They were magnificent even if they got dozen goals the other way as well. Some of us even called it Playstation football by the way it going back and forth with the intensity and flair. Something that Rodgers always wished to see in his players to have a certain quality, character and flair. If you find a after-match interview under the Rodgers in Liverpool where he isn’t using those words and describing the match outcome usually boils down to that.

Brendan Rodgers has now had three campaigns. First was what people call mediocre, but showed some progress. Second season was a magnificent run and was close. Because of that he couldn’t continue to build. Fenway Sports Group (FSG) let the gold go away after that and the trades done after weren’t of the same quality. When the spiral went lower and lowers, so low that after the third campaign in charge on Merseyside, FSG changed leadership and under-coaches under Rodgers! That was in general to disfranchise his power at the club. Brendan Rodgers must have felt that already before his fourth campaign for the club. With departing his own coaches and being alone from the original crew that he with from Swansea.

FSG has also put into the system a Transfer Committee so the Manager is not sole-responsible for the trades done by the club. Even though the manager will be responsible for the results delivered by the squad all season. Even with a seat on the committee he has still not the powers that the ones who can pick and choose over set budget. There will always be a Sports Director or Owner who might shut down wishes for certain players, and even likes of Roman Abramovich who just wanted Shevchenko and then Chelsea bought him, even when they didn’t even need his services.

FSG has then in recent choices partly crossed the powers of Rodgers with the Transfer Committee and also with clipping out his colleagues and his team apart hiring new coaches under him. So then still giving him the “second” chance of success with the club by buying Benteke, Ings, Milner and so on during the summer.

Rodgers wasn’t taken early out of his job and had time to do what he needed. But after the first taste the FSG choices made his tenure worse by the minute. The selling of the starts and losing of pivotal players also hurt him. The choices of buying certain kind of players like Aspas and Balotelli didn’t help his impression, though he wanted to prove that he could turn any player into stars again or bring it out of them.

So after the “second” chance after the success would be hard. Sterling left for Manchester City. The former Southampton players should kick off this season in Liverpool. They are Clyne, Lovren and Lallana. But none of them has played as they did in Southampton. Emre Can hasn’t been up to speed. Courthino has been a spark, but alone in it. Firmino who was bought this summer has talent and skills, but hasn’t bloomed yet. Henderson has taken over for Gerrard, but hasn’t had the same flair or capacity. Ibe has showed progress, but is not a finished “product” yet. What happen to Kolo Toure? What happen to the presence of Skrtel in the defense? Even if he is local boy who deserves credit for catching up with quality of the league, why haven’t we seen Joe Flanagan this campaign?

With all of that and others we can see that there are many issues with the Liverpool squad and the reactions to the team. The progress stopped and the shopping of additions this summer didn’t change the results or drive for the team. Rodgers are right! There need rebuilding in Liverpool. With or without him, and certainly with the decision of sacking him it’s with somebody else.

And for me personally the man, who comes in Liverpool, will have a hard task. The locals and fans expect the team to be a top four team and be in the Champions League (CL). Even though it’s been while since last time the club was there. You have to go back to 2008/09 campaign. So that was a three year hiatus between being a part of the European Competition. The Euro League is the sad stepchild that is a misfit for most teams if they’re not Sevilla or Napoli. Tottenham has struggled with juggling Euro League matches and Premier League in the weekends. The same has been seen by Liverpool. And I am sure whichever team who comes from Premier League to the Euro League will struggle as it seems in league.

The leadership that FSG has proven with Brendan Rodgers isn’t a strong token and longevity in the club. It’s easy to give a new long-time contract after some piece of success. That they did because they wanted to show faith. Just like Newcastle did with Alan Pardew back in the day.  Carver was put into temp when Pardew went to Crystal Palace. The same even Aston Villa did with Paul Lambert after back-to-back victories in start of last campaign. That led to hiring of Tim Sherwood to save the club in the Premier League. That is different from the leadership that puts trust into their managers like Bournemouth with Eddie Howe, Burnley with Sean Dyche, and Hull City with Steve Bruce and so on. There are leaderships that prove loyalty and longevity can bring certainty to teams and squads. Not that all leaders should stay for-ever that is not my point.

My point with Todays topic is clear: the way Sunderland and Liverpool has dealt with the managers has not been well. It has been charades and weak. Liverpool done short-cuts and sold their giants; While expecting dead-wood to turn gold before starting to dig after it, and the cost of it all gets the head of Rodgers instead of those who has done their homework. Suarez, Sterling and Gerrard don’t pop-up like Daisies. It is strange seeing that FSG had the same faith that Lallana and Milner be the same as Suarez and Sterling. And also changing the backroom staff and giving strong signals that it wasn’t that well with Rodgers leadership.

We can all understand Advocaat’s situation in Sunderland. He must have been torn especially seeing the trials of doom returning and not much joy insight. Also with the issues of how weak the strategy of the club has been its easy to see why he decided now to leave. The next man will be in tussle like all three former managers we’re with men coming in that was there in stints for others or because the club needed a fix. Not for a strategic long plan and vision of one leader and his tactical ways. So that the next man has to use what is there and prove his capabilities in the club. Sunderland and Liverpool got massive work in front of them. Sunderland got to fight for their place in the league and build stability in the leadership structure. Not only patch it up and quick fixes. Get a man to actually build a team and also build something with the fans that keeps the club alive. Liverpool has a squad and a backroom staff, that has been built by Rodgers who is now gone. The talent and faith in these players will be left to the next manager. Even the transfer committee has decided on certain players, it’s been three season with Rodgers and that leaves certainly some of his vision and characters there. And the staff that FSG has now put in place, since Rodgers lost his team before this campaign. Peace.

Press Release: Africa Faces the Challenge of Sustaining Growth amid Weak Global Conditions (05.10.2015)

SAP WB

WASHINGTON, October 5, 2015— Sub-Saharan Africa countries are continuing to grow, albeit at a slower pace, due to a more challenging economic environment. Growth will slow in 2015 to 3.7 percent from 4.6 percent in 2014, reaching the lowest growth rate since 2009, according to new World Bank projections.

These latest figures are outlined in the World Bank’s new Africa’s Pulse, the twice-yearly analysis of economic trends and the latest data on the continent. The 2015 forecast remains below the robust 6.5 percent growth in GDP which the region sustained in 2003-2008, and drags below the 4.5 percent growth following the global financial crisis in 2009-2014. Overall, growth in the region is projected to pick up to 4.4 percent in 2016, and further strengthen to 4.8 percent in 2017.

Sharp drops in the price of oil and other commodities have brought on the recent weakness in growth. Other external factors such as China’s economic slowdown and tightening global financial conditions weigh on Africa’s economic performance, according to Africa’s Pulse. Compounding these factors, bottlenecks in supplying electricity in many African countries hampered economic growth in 2015.

“The end of the commodity super-cycle poses an opportunity for African countries to reinvigorate their reform efforts and thereby transform their economies and diversify sources of growth. Implementing the right policies to boost agricultural productivity, and reduce electricity costs while expanding access, will improve competitiveness and support the growth of light manufacturing,” says Makhtar Diop, World Bank Vice President for Africa.

According to Africa’s Pulse, several countries are continuing to post robust growth. Cote d’Ivoire, Ethiopia, Mozambique, Rwanda and Tanzania are expected to sustain growth at around 7 percent or more per year in 2015-17, spurred by investments in energy and transport, consumer spending and investment in the natural resources sector.

Gains in Poverty Reduction

Africa’s Pulse found that progress in reducing income poverty in Sub-Saharan Africa has been occurring faster than previously thought. According to World Bank estimates poverty in Africa declined from 56 percent in 1990 to 43 percent in 2012. At the same time, Africa’s population saw progress in all dimensions of well-being, particularly in health (maternal mortality, under-5 mortality) and primary school enrollment, where the gender gap shrank.

Yet African countries continue to face a stubbornly high birth rate, which has limited the impact of the past two decades of sustained economic growth on reducing the overall number of poor. Countries still lag behind those in other regions in making progress on the Millennium Development Goals (MDG). For example, Africa will not meet the MDG of halving the share of population living in poverty between 1990 and 2015.

Weaker Commodity Prices

Sub-Saharan Africa’s rich natural resources have made it a net exporter of fuel, minerals and metals, and agricultural commodities. These commodities account for nearly three-fourths of the region’s goods exports. Robust supplies and lower global demand have accounted for the decline of commodity prices across the board. For instance, the drop in the prices of natural gas, iron ore, and coffee exceeded 25 percent since June 2014, according to the report.

Africa’s Pulse notes that overall decline in growth in the region is nuanced and the factors hampering growth vary among countries. In the region’s commodity exporters—especially oil-producers such as Angola, Republic of Congo, Equatorial Guinea, and Nigeria, as well as producers of minerals and metals such as Botswana and Mauritania, the drop in prices is negatively affecting growth. In Ghana, South Africa, and Zambia, domestic factors such as electricity supply constraints are further stemming growth. In Burundi and South Sudan threats from political instability and social tensions are taking an economic and social toll.

Fiscal deficits across the region are now larger than they were at the onset of the global financial crisis, the report finds. Rising wage bills and lower revenues, especially among oil-producers, led to a widening of fiscal deficits. In some countries, the deficit was driven by large infrastructure expenditures. Reflecting the widening fiscal deficits in the region, government debt continued to rise in many countries. While debt-to-GDP ratios appear to be manageable in most countries, a few countries are seeing a worrisome jump in this ratio.

The dramatic, ongoing drop in commodity prices has put pressure on rising fiscal deficits, adding to the challenge in countries with depleted policy buffers,” says Punam Chuhan-Pole, Acting Chief Economist, World Bank Africa and the report’s author. “To withstand new shocks, governments in the region should improve the efficiency of public expenditures, such as prioritizing key investments, and strengthen tax administration to create fiscal space in their budgets.”

Moving Forward

Growth in Sub-Saharan Africa will be repeatedly tested as new shocks occur in the global economic environment, underscoring the need for Governments to embark on structural reforms to alleviate domestic impediments to growth, the report notes. Investments in new energy capacity, attention to drought and its effects on hydropower, reform of state-owned distribution companies, and renewed focus on encouraging private investment will help build resiliency in the power sector. Governments can boost revenues through taxes and improved tax compliance. Complementing these efforts, governments can improve the efficiency of public expenditures to create fiscal space in their budget.

Uganda – Bill No. 13 – The Appropiation Bill 2015 (29.05.2015) – Use of the Consolidated Fund- Quotes and Outtakes

This blog will be about the Bill No. 13 – ‘the Appropiation bill, 2015’ of the 29th May 2015. That was a part of the Uganda Gazette No. 28 CVIII dated 29th May 2015. This bill will the money used for service until 30th June of 2016. This bill is an extension to the Public Finance Management Act of 2015 and the Section of 17 in that Act. That states this:

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Here is how it’s been scheduled to spend the fund in the different areas from the fund and use the Consolidate fund and using the fund accordingly to the Section 17 in the Public Finance Management Act of 2015.

I will not take every single expenditure that will be to many, but will take those that are striking. This is because the total Sixteen trillion, one hundred eighty one billion, six hundred twelve million, and six hundred thousand shillings for this Financial Year (FY), I will take those who strikes my mind and hopefully you find it interesting to. Here we go:

Appropiation Bill2015P1Appropiation Bill2015P2Appropiation Bill2015P3

Uganda – Outtakes and quotes from the Uganda National Budget Framework FY: 2015-2016

It’s this time a year and this has been delivered to me. So I feel the need to drop the most interesting stuff from the Uganda’s National Budget Framework FY 2015-2016. I can drop the whole piece since it’s too much. So I have taken the pieces that are worth setting some extra light and questioning. To give you a little feeling about what’s special this year. Enjoy!

FY2015-2016

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FY2015-2016 P3

FY2015-2016 P4

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FY2015-2016 P6

FY2015-2016 P7

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FY2015-2016 P10

FY2015-2016 P11

FY2015-2016 P12

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When I have more time and can. I will dig deeper into the specific areas and allocation. And look for there some difference from last year. And if they have made something special. This is a document of 789 pages. There is a lot to grasp. This is just a tiny piece of it all. Hope you get to something out of what I put up today. There will be more later from me. Hope you have enjoyed this. Peace.

 

Uganda – Outtakes of the interesting pages and quotes from the Acts of Supplements No.2. – (6. March 2015) – Act 3: The Public Finance Management Act

It’s this part of the year again. I had several post on budget allocations and the new Petroleum concerns during the FY 2014/2015. Now it’s the start of the FY 2015/2016. It’s time to look at some of the documents that I have gotten and address them properly. I wonder sometimes why I am lucky and getting them. But since I do get them, I have the power to pin-point and question certain Acts and legislation. I will cut out today the most important and questioning pieces of words and law from the Acts of Supplements No. 2. – 6. March 2015: ACT3-  The Public Finance Management Act, 2015. I could have taken with more and asked more are about certain propositions here.

Hope you’ll find this findings interesting: 

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Last retort: 

If you don’t have any questions and wondering what this really means as well for the citizens of Uganda. The way about the ‘Classified Expenditure’, ‘the Petroleum Fund’ and the way the money will be used from the ‘Petroleum Revenue’. If that isn’t a tasty dish for you think about. Then I don’t know what to serve you. This a plate full of heavy beef. If you don’t wonder yourself. You should read it again. And ask yourself. What are they really doing and how can they do this this way, without being really questioned? Peace.

Press Statement: First Cabinet Meeting Held on 15th January 2015 (Kenya)

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