By Rogers M. Wanambwa 

KIU, Main Campus – The Ministry of Finance is to effect a number of budget cuts intended to prioritize much-needed sectors in a bid to stimulate the economy after the COVID-19 lockdown ends.

According to the Daily Monitor, Ministry of Finance Permanent Secretary Keith Muhakanizi wrote a circular on July 9 to all accounting officers instructing them to enforce these changes, proposed by Gen Salim Saleh, the Head of Operation Wealth Creation (OWC), in the first quarter of the 2020/2021 Financial Year.

The budget cuts will affect travels abroad, workshops and seminars as well as training, and they are meant to raise much-needed money to create a stimulus for other sectors which are deemed vital in reviving the economy, which has taken a hit from the COVID-19 pandemic.