Ministry of Finance, Planning and Economic Development (Uganda)
The Ministry of Finance, Planning and Economic Development was created by the 1995 Constitution of Uganda and derives its power from the Constitution and related Acts of Parliament. Ministry offices are located in Kampala. Its name is abbreviated to "MoFPED". The current Minister of Finance, Planning and Economic Development is Hon. Matia Kasaija.
Contents
Organization and operations
Projects
- UCU - "Budget Monitoring and Accountability Unit", which monitors economic data and economic indicators of budgets and projects of other departments including those of Agriculture, Education, Energy, Health, Industrial parks, Roads, and Water and sanitation.[1]
- 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 and economic planning. [2]
Auxiliary institutions and allied agencies
Institutions and agencies auxiliary to the ministry proper include:[3]
- Uganda Insurance Commission
- Non-performing Assets Recovery Trust
- Non-performing Assets Recovery Tribunal
- Uganda National Council of Science and Technology
- Tax Appeals Tribunal (TAT) - a tax court.
- Population Secretariat
- Departed Asians Property Fund Custodian Board (DAPCB) - founded in 1973
- National Enterprise Corporation (NEC) - a multilateral national organization that includes representation from the military of Uganda[4]
- Uganda Investment Authority - 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, plan economic growth, and to govern public spending, in Uganda. According to its website, its function is organized into six policy areas:[5]
A Minister of Finance, Planning and Economic Development
- Formulation of fiscal and monetary policies
- Control and management of public finance
- Prepare and lay before Parliament the Budget
- Mobilise domestic and external resources
- Accountability to the Parliament of Uganda
B Minister of State for General Duties
- Deputising the Senior Minister
- Parliamentary matters
- Procurement matters
- Departed Asians Property Custodian Board
- Regional matters
C Minister of State for Planning
- Spearheading economic planning and monitoring
- Capacity building
- Poverty eradication issues
- Population matters, Statistics, Science and Technology issues
- May deputise/represent/act for the Senior Minister
D Minister of State for Investment
- Promotion of investment
- Supervision of Uganda Investment Authority
- 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
