Budget Act, 2001
Act 6 of 2001
- Published in Uganda Gazette no. 18 on 30 March 2001
- Assented to on 22 February 2001
- Commenced on 1 July 2001
- [This is the version of this document from 30 March 2001.]
1. Short title and commencement
2. InterpretationIn this Act unless the context otherwise requires—“Budget” means the process by which Government sets levels to efficiently collect revenue and allocate the spending of resources among all sectors to meet national objectives.
3. Submission of estimates under Article 155 of the Constitution
4. Macro-economic plan and indicative framework
5. Submission of estimates of Departments etc.
6. Policy statements of Ministries on estimates
7. Consideration by Sessional and Budget Committees
8. Consideration of reports on estimates by ParliamentThere shall be presented to Parliament by the Budget Committee, the recommendations submitted to the Speaker under section 7 subsection (3).
9. Reports by CommitteesThere shall be presented to Parliament by the Sessional Committees, the reports on the budget estimates that fall within their respective jurisdictions by the 31st day of August in each financial year.
10. Cost estimates for BillsEvery Bill introduced in Parliament shall be accompanied by its indicative financial implications, if any, on revenue and expenditure over the period of not less than two years after its coming into effect.
11. Parliament to analyse policy issuesParliament shall analyse programmes and policy issues that affect the National Budget and Economy and where necessary recommend alternative approaches to Government.
12. Supplementary expenditure
13. Reports on loans and grants
14. Domestic debtA Government Department, Self Accounting Department, Institution, Organisation or Commission shall not take any credit from any local company or body unless—
15. Reports on exemptions of tax
16. Report on expenditure from the Contingencies FundThe Minister responsible for finance shall, within fourteen days from the date of the authorization of advances from the Contingencies Fund make a report to Parliament stating the purpose and urgency of the expenditure and the amount thereof.
17. Report on Appropriation in Aid
18. Liability on failure to meet requirements
19. Parliament Budget Committee
20. Budget OfficeThere shall be a Parliamentary Budget Office within the Parliamentary Service consisting of full time and part time budget and economic experts as may be required from time to time.
21. Functions of Budget officeThe functions of the Budget Office shall be to provide Parliament and its Committees with objective and timely analysis required for economic and budget proposals and the information and estimates required for Parliamentary Budget process, and without prejudice to the generality of the foregoing the office shall—
22. Extension of period setThe Speaker may extend any period provided under this Act for a reasonable period.
History of this document
01 July 2001
30 March 2001 this version
Published in Uganda Gazette number 18
22 February 2001