• EDITORIAL POLICY
  • ABOUT US
PML Daily
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home NEWS

Govt tables third national development plan

GEORGE OKELLO | PML Daily Senior Correspondent by GEORGE OKELLO | PML Daily Senior Correspondent
January 23, 2020
in NEWS
0 0
424
VIEWS
FacebookWhatsAppTwitter
Minister of State for Planning, David Bahati presenting the Third National Development Plan before the House recently (PHOTO/File).

KAMPALA – Government on Wednesday, January 22, 2020, tabled before Parliament the Third National Development Plan (NDPIII) that will guide the country’s development path to middle-income status.

The Minister of State for Planning in the Ministry of Finance, Mr David Bahati, tabled the NDPIII, which he says intends to focus on increasing average household incomes and improve the quality of life of Ugandans.

The plan replaces NDPII that sought to achieve competitiveness for sustainable wealth creation, employment and inclusive growth.

Mr Bahati said the economic growth strategy for the new plan focuses on expanding the industrial base of the economy, consolidating and increasing the stock and quality of productive infrastructure and enhancing productivity, especially in the agricultural sector. He added that it also focusses on sustainable exploitation of natural resources and supporting private sector development through providing affordable financing.

NDP III is thereby supposed to inform processing and approval of budgets of the next five years beginning with 2020/2021 financial year.

Over the planning period (2020– 2025), the government forecasts an ambitious economic growth rate of 7 percent. The GDP per capita is also expected to reach $1,301 (Shs3.8m), therefore, putting the country into middle-income status by 2025. The initial government plan was to achieve middle-income status in 2020.

He also revealed that the new plan will focus on enhancing value addition in key growth opportunities (agriculture, tourism, minerals, oil & gas and knowledge) which NPA officials say have the highest potential to generate employment for Ugandans and positive multiplier effects on other sectors.

The plan will be processed by the Budget Committee in order to meet the deadline of 1st February when Parliament must approve the NBFP.

Budget committee chairperson, Amos Lugoloobi told the Speaker, Rebecca Kadaga that the committee will present a preliminary report on NDP III by Tuesday next week so that Parliament can approve it and thereafter assess NBFP’s alignment with the plan and then present a report on NBFP by end of the week. Parliament must approve NBFP by 1st February 2020, which falls on a Saturday.

Comments

Tags: David BahatiMinister of State for PlanningThird National Development Plantop

Related Posts

MP Muhammad Nsereko and his rival Fred Nyanzi respectively (PHOTO/File).
NEWS

Court blocks Kampala Central vote recount application

January 28, 2021
57
BUSINESS

The role of technology in unlocking trade value in East Africa

January 28, 2021
40
Rozy with Amb. Abbey Walusimbi (PHOTO/Courtesy).
NEWS

Akon’s wife Rozina Negusei in Uganda

January 28, 2021
199
Makerere University Vice Chancellor Barnabas Nawangwe (PHOTO/Courtesy).
Education

Makerere to open for finalists on February 6

January 28, 2021
155
Human Rights lawyer Nicholas Opio released on bail (PHOTO/File).
NEWS

TrialWatch to monitor trial of Human Rights lawyer Nicholas Opiyo

January 28, 2021
164
MP Muhammad Nsereko and his rival Fred Nyanzi respectively (PHOTO/File).
NEWS

MP Nsereko victory for Kampala Central seat under threat as Court orders for recount on Thursday

January 27, 2021
361

Advertisement






 

 

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us

KIU

  • EDITORIAL POLICY
  • ABOUT US

© 2020 PMLDAILY.COM

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2020 PMLDAILY.COM

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In