Alpha Capital Market Watch for week ending 20th September 2015

Uganda beats it's regional peers on budget transparency according to the global open budget index survey of 2015.

It is does not come as a surprise for Uganda to come on top of it's regional peers with respect to budget processes as evaluated by OPI.

When you take a look at what is available in the public domain, one cannot fail to notice the level of detail, timeliness of information and the relevancy of the budget information that is made available. In my view, transparency  has greatly improved in the  last year or so .  This  improvement can be attributed to the implementation of the Public Finance and Management Act 2015 that makes provisions for disclosure and strengthening of oversight institutions of government. It is also  important to note that the degree of public participation has tremendously improved as well.

In addition the commitment and drive to put in place budget reforms from officials at Ministry of Finance needs to commended.



Stephen KABOYO
WWW.ALPHACAP.CO.UG