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Uganda's direct budget support to fall 93 pct in 2013/14 - budget paper

Source: Reuters - Mon, 22 Apr 2013 10:42 GMT
Author: Reuters
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KAMPALA, April 22 (Reuters) - Uganda's direct budget support will fall 93 percent in the 2013/2014 fiscal year as donors withdraw funds due to concerns about government corruption, according to a finance ministry budget paper.

"External support to the budget is projected to decline by 93 percent from 749 billion shillings ($293.15 million) in FY 2012/13 to about 50 billion shillings during FY2013/14," said the Budget Framework Paper (BFP) seen by Reuters on Monday.

($1 = 2555.0000 Ugandan shillings) (Reporting by Elias Biryabarema; Writing by Drazen Jorgic; Editing by Toby Chopra)

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