President Museveni assented to the bill
President Yoweri Museveni has finally assented to the Appropriation Bill that was passed by parliament in April.
Appropriation Bill is the other name for the budget that lays out how government is going to raise money and how it intends to spend it.
Last week, Museveni declined to assent to the bill, accusing the MPs of altering his government’s priorities by reallocating Shs 750 billion. On Tuesday this week, MPs amidst sharp resistance, amended the bill to take care of Museveni’s interests.
A statement from the Presidential Press Unit (PPU), noted that Museveni signed the bill today Thursday.
“PPU wishes to inform the general public that the President…has signed the Appropriation Bill, 2024 (reconsidered) into law. The President assented to the bill today, Thursday, 4th July 2024,” the short statement reads.
There were worries that the country had entered a new financial year that begun on July 1 without an approved budget.
Source: The Observer
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