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This Article is From Apr 01, 2020

Uganda Seeks $75 Million in Supplementary Budget on Covid-19

Uganda Seeks $75 Million in Supplementary Budget on Covid-19

(Bloomberg) --

Uganda's executive asked lawmakers to approve the spending of 284 billion shillings ($75 million) in a supplementary budget to help fight the coronavirus outbreak, according to information on the finance ministry's website.

The spending proposal comes as the government enforces a lockdown and President Yoweri Museveni pledged to provide relief to citizens whose livelihoods have been disrupted the most by the pandemic. Uganda has 44 confirmed Covid-19 cases.

The government of Africa's second-biggest coffee grower cut its economic growth forecast for 2019-20 to between 5.2% and 5.7% from 6% earlier. The Covid-19 outbreak has hit several sectors including tourism, Uganda's top foreign-currency earner.

Read: Uganda to Increase Budget to 41.9 Trillion Shillings in 2020-21

©2020 Bloomberg L.P.

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