Programme Responsible Officer: Director Debt and Cash Management

Under this Program, the Ministry provides policy guidance on the issuance and management of all Government debt and cash as well as development and implementation of debt policies in accordance with the Ministry‟s economic policies. In the FY 2018/19, this Program received UShs 3.09bn by December 2018 against an appropriation of UShs 6.19bn. Out of this, Ushs 2.79bn was spent representing 90.5% absorption.

With this allocation, the Ministry mobilized 20% of the required external resources to finance the budget deficit, rolled out the Aid Management System, collected 30% of contingent liability data of the State-Owned Enterprises and Extra Budgetary Units. The Ministry further initiated reform and obtained Cabinet approval for trading government securities using mobile money. Consolidated 70% of MDA cash plans and trained 80% of MDA‟s in cash-flow forecasting.

In the FY 2019/20, the Program has been allocated UShs 9.874bn compared to Ushs 6.193bn in FY 2018/19. This will enable the Ministry to mobilize external financing amounting to 18% of the National Budget (Grant and Loan), Undertake sovereign debt risk analysis and produce the Medium-Term Debt Strategy, develop policy on mobile money bonds, develop a framework for management of contingent liabilities of Government, draft Primary Dealership Reform Phase II regulations and develop a strategy for managing short term cash surpluses.