Youth Livelihood Fund collapses to 4.6 bn

By Moses Kyeyune.

Members of Parliament have condemned the sudden collapse of Youths Livelihood Fund to only 4.6 billion shillings in the coming Financial Year, down from 66.7 billion in the year 2018/19.

This represents a 93 per cent budget cut for the Programme, leaving many beneficiary groups guessing.

Since its inception in 2013, a total of 139.4 billion has been disbursed to finance a total of 17,850 youth projects in the country.

Whereas the ministry of Gender, Labour and Economic Development assured parliament that the programme will not shifting to State House as had been stated, Parliament has asked the government to reinstate adequate funding to enhance the sustainability of the revolving fund.