Private sector pokes holes in budget implementation

Days to the reading of the national budget, the business community has poked holes in the way previous ones have been implemented.

Every year before the budget reading, the business community through the private sector foundation Uganda makes proposals on policy reforms through the national budget.

The group now says that little has been implemented regarding the agreed action points outlined in the submissions for the last financial year.

According to the Executive Director Gideon Badagawa, basing on the World Bank doing business report, there is still slow harmonization of regulatory reforms across the East African Community.

This he attributes to the increased export costs from 3,200 dollars to 3,300 dollars per container despite implementation of the electronic cargo tracking system.

He also cites challenges in starting a business requires 15 procedures as the Uganda investment Authority struggles to operationalize the one stop center.