Ministry of Finance, Planning and Economic Development (Uganda)

The Ministry of Finance, Planning and Economic Development was created by the 1995 Constitution of Uganda

Constitution of Uganda

The Constitution of Uganda is the supreme law of Uganda. The current constitution was adopted on October 8, 1995. It sanctions a republican form of government with a powerful president. 2005 amendments removed presidential term limits and legalized a multi-party political system.-External links:*...

and derives its power from the Constitution and related Acts of Parliament. Ministry offices are located in Kampala

Kampala

Kampala is the largest city and capital of Uganda. The city is divided into five boroughs that oversee local planning: Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division and Lubaga Division. The city is coterminous with Kampala District.-History: of Buganda, had chosen...

. Its name is abbreviated to "MoFPED". The current Minister of Finance, Planning and Economic Development

Finance minister

The finance minister is a cabinet position in a government.A minister of finance has many different jobs in a government. He or she helps form the government budget, stimulate the economy, and control finances...

is Hon. Kiwanuka Maria

Projects

BMAU - "Budget Monitoring and Accountability Unit", which monitors economic data
Economic data
Economic data or economic statistics may refer to data describing an actual economy, past or present. These are typically found in time-series form, that is, covering more than one time period or in cross-sectional data in one time period Economic data or economic statistics may refer to data...

and economic indicators of budgets and projects of other departments
Ministry (government department)
A ministry is a specialised organisation responsible for a sector of government public administration, sometimes led by a minister or a senior public servant, that can have responsibility for one or more departments, agencies, bureaus, commissions or other smaller executive, advisory, managerial or...

including those of Agriculture, Education, Energy, Health, Industrial parks, Roads, and Water and sanitation.http://www.finance.go.ug/bmau.php
EMFP II - "Second Economic and Financial Management Project", which works with other departments and ministries to improve the effectiveness and efficiency of public expenditure.
IFMS - "Integrated Financial Management Systems", which develops long-term fiscal policy
Fiscal policy
In economics and political science, fiscal policy is the use of government expenditure and revenue collection to influence the economy....

and economic planning
Economic planning
Economic planning refers to any directing or planning of economic activity outside the mechanisisms of the market, in an attempt to achieve specific economic or social outcomes. Planning is an economic mechanism for resource allocation and decision-making in contrast with the market mechanism...

. http://www.finance.go.ug/ifms.php

Auxiliary institutions and allied agencies

Institutions and agencies auxiliary to the ministry proper include:http://www.finance.go.ug/auxiliary.php

Uganda Insurance Commission
Uganda Insurance Commission
The Uganda Insurance Commission was established by an Act of Parliament in 1996. According to its website, the mandate of the commission is "to supervise and regulate the insurance industry in Uganda." Commission offices are located in Kampala; the position of Commissioner of Insurance is...
Non-performing Assets Recovery Trust
Non-performing Assets Recovery Tribunal
Uganda National Council of Science and Technology
Tax Appeals Tribunal (TAT) - a tax court
Tax court
Tax courts are courts of limited jurisdiction that deal with tax issues.*United States Tax Court, a United States federal court**List of Judges of the United States Tax Court**Uniformity and jurisdiction in U.S...

.
Population Secretariat
Departed Asians Property Fund Custodian Board (DAPCB) - founded in 1973
National Enterprise Corporation
National Enterprise Corporation
The National Enterprise Corporation was established in 1989 by an Act of Parliament of Uganda, soon after the victories of the National Resistance Army and the National Resistance Movement in the Luwero War, as the commercial arm of the army of Uganda. The NEC is a state corporation with...

(NEC) - a multilateral national organization that includes representation from the military of Ugandahttp://nec.ug/
Uganda Investment Authority
Uganda Investment Authority
The Uganda Investment Authority ' is a semi-autonomous investment promotion and facilitation organisation in Uganda, owned by the Government of Uganda.-Overview:UIA was created by the Uganda legislature in 1991...

- promotes, governs and advises direct investment within Uganda.
Public Procurement and Disposal of Public Assets Authority
Economic Policy Research Centre

Related institutions include:

Capital Markets Authority - Government of capital markets, including the licensing of stock exchanges, stockbrokers, financial advisors, other financial industry professionals.

Subministries

The mission of the Ministry is to formulate economic policy

Economic policy

Economic policy refers to the actions that governments take in the economic field. It covers the systems for setting interest rates and government budget as well as the labor market, national ownership, and many other areas of government interventions into the economy.Such policies are often...

, plan economic growth, and to govern public spending, in Uganda

Uganda

Uganda , officially the Republic of Uganda, is a landlocked country in East Africa. Uganda is also known as the "Pearl of Africa". It is bordered on the east by Kenya, on the north by South Sudan, on the west by the Democratic Republic of the Congo, on the southwest by Rwanda, and on the south by...

. According to its website, its function is organized into six policy areas:http://www.finance.go.ug/mission.php

A Minister of Finance, Planning and Economic Development

Formulation of fiscal and monetary policies

Monetary policy

Monetary policy is the process by which the monetary authority of a country controls the supply of money, often targeting a rate of interest for the purpose of promoting economic growth and stability. The official goals usually include relatively stable prices and low unemployment...

Control and management of public finance

Public finance

Public finance is the revenue and expenditure of public authoritiesThe purview of public finance is considered to be threefold: governmental effects on efficient allocation of resources, distribution of income, and macroeconomic stabilization.-Overview:The proper role of government provides a...

Prepare and lay before Parliament the Budget

Budget

A budget is a financial plan and a list of all planned expenses and revenues. It is a plan for saving, borrowing and spending. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods...

Mobilise domestic and external resources

Accountability to Parliament

Parliament

A parliament is a legislature, especially in those countries whose system of government is based on the Westminster system modeled after that of the United Kingdom. The name is derived from the French , the action of parler : a parlement is a discussion. The term came to mean a meeting at which...

B Minister of State for General Duties

Deputising the Senior Minister

Parliamentary matters

Procurement

Procurement is the acquisition of goods or services. It is favourable that the goods/services are appropriate and that they are procured at the best possible cost to meet the needs of the purchaser in terms of quality and quantity, time, and location...

matters

Departed Asians Property Custodian Board

Regional matters

Districts of Uganda

Uganda is divided into 111 districts and one city across four administrative regions. Most districts are named after their main commercial and administrative towns....

C Minister of State for Planning

Spearheading economic planning

Economic planning

Economic planning refers to any directing or planning of economic activity outside the mechanisisms of the market, in an attempt to achieve specific economic or social outcomes. Planning is an economic mechanism for resource allocation and decision-making in contrast with the market mechanism...

and monitoring

Capacity building

Poverty eradication

Poverty

Poverty is the lack of a certain amount of material possessions or money. Absolute poverty or destitution is inability to afford basic human needs, which commonly includes clean and fresh water, nutrition, health care, education, clothing and shelter. About 1.7 billion people are estimated to live...

issues

Population matters

Population

A population is all the organisms that both belong to the same group or species and live in the same geographical area. The area that is used to define a sexual population is such that inter-breeding is possible between any pair within the area and more probable than cross-breeding with individuals...

, Statistics

Statistics

Statistics is the study of the collection, organization, analysis, and interpretation of data. It deals with all aspects of this, including the planning of data collection in terms of the design of surveys and experiments....

, Science

Science

Science is a systematic enterprise that builds and organizes knowledge in the form of testable explanations and predictions about the universe...

and Technology

Technology

Technology is the making, usage, and knowledge of tools, machines, techniques, crafts, systems or methods of organization in order to solve a problem or perform a specific function. It can also refer to the collection of such tools, machinery, and procedures. The word technology comes ;...

issues

May deputise/represent/act for the Senior Minister

D Minister of State for Investment

Promotion of investment

Investment

Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...

Supervision of Uganda Investment Authority

Uganda Investment Authority

The Uganda Investment Authority ' is a semi-autonomous investment promotion and facilitation organisation in Uganda, owned by the Government of Uganda.-Overview:UIA was created by the Uganda legislature in 1991...

Responsible for private sector issues

Capital Markets Authority

Any other official duties assigned by the Senior Minister

E Minister of State for Privatisation

Supervision of privatisation and parastatal reform programme

Any other official duties assigned by the Senior Minister

F Minister of State for Micro Finance and Enterprise Development

Development and implementation of Government's micro finance policy and regulation

Development of policies for community based enterprises

Any other official duties assigned by the Senior Minister

External links

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