East Africa Budget Analysis
The story behind the numbers
We are pleased to share our budget publications analysing the Uganda and Rwanda 2016/17 budget that was presented on Wednesday, 8 June 2015 by the respective Ministers of Finance. These publications include the highlights of this year's budgets (Budget Highlights) and an in depth analysis of the budgets (Budget Insight). In addition we have also prepared an overview of the Burundi economy (Economic Outlook) for the next 12 months. You may access and download the publications by clicking on their respective links below.
Uganda Budget Highlights 2016
This publication incorporates highlights of budgets for the fiscal year 2016/17 for Uganda, changes introduced by the 2016 Budget speech, Spending, budget deficit, domestic borrowing, Economic growth and the priority spending areas.
Notably, some changes may arise when the Finance Bill 2016 and subsequently the Finance Act 2016 are published.
Uganda Budget Insight 2016
The theme for this year’s budget was: Maintaining infrastructure investment and promoting excellence in public service delivery. The underlying objective is to ensure continuous removal of binding constraints that impede socio-economic transformation and prosperity.
This is a continuation of the previous year’s budget but packaged differently with a steep target. With the fiscal deficit projected at 5.6%, it is anticipated that government will be forced to increase its debt. Regionally, we have the biggest increase but this time round a bigger percentage of the budget is expected to be financed by external debt and domestic borrowing.
Uganda Economic Outlook 2016
The Uganda Economic Outlook 2016 report provides an overview of Uganda’s economic environment and key sectors. The report also highlights significant allocations from the 2016/17 budget to various sectors in the country.
Rwanda Budget Highlights 2016
This publication incorporates changes introduced by the 2016 Budget speech. It also includes references to changes in the practice of the Rwanda Revenue Authority where they are significant.
Notably, changes may arise when the Finance Bill 2016 and subsequently the Finance Act 2016 are published.
Rwanda Budget Insight 2016
Rwanda continues to be focused and driven in its bid to achieve economic growth as a country and prosperity for its people. This budget has not deviated from the goals enunciated in the Economic Development, Poverty Reduction Strategy (EDPRS) framework and planning anticipating continuous decrease of donor funds and therefore we need to increase domestic resources
Overall expenditure would rise to 1.95 trillion francs ($2.60 billion) in 2016/17, from 1.81 trillion francs in the year ending this June. Internal revenues will be 1.22 trillion francs equal to 62.4 per cent of the budget reflecting an increase of 40.9 billion. External revenues are 733 billion francs reflecting an increase of 99.7 billion francs."
On economic growth forecasts, a growth forecast of percent in 2016 and 2017 before rising to 7 percent growth in 2018.
Rwanda Economic Outlook 2016
The Rwanda Economic Outlook 2016 report provides an overview of Rwanda’s economic environment and key sectors. The report also highlights significant allocations from the 2016/17 budget to various sectors in the country.
Burundi Budget Highlights 2016
Unlike the other East African countries, Burundi’s budget cycle is based on the calendar year. As such, the changes highlighted below are contained in Budget Law No. 1/22 of 31 December 2015.
This publication constitutes only a brief guide and is not intended to be a comprehensive summary of the tax law and practice. While all reasonable care has been taken in the preparation of this guide, Deloitte and its associates accept no responsibility for any errors it may contain, whether caused by negligence or otherwise, or for any loss, however caused, or sustained by any person that relies on it.
Burundi Budget Insight 2016
2015 was regrettably a year of turmoil for Burundi. Businesses came to a halt and people’s lives were lived in uncertaininty. Anyone with an interest in the happenings outside what is going on in their backyard cannot have missed the news regarding the pre and post election violence in Burundi. It is against this backdrop that the BIF 1.2 trillion FY2016 budget which was approved in February is focused more on recovery and control of Government expenditure to ensure that the meagre resources are efficiently used.
Burundi Economic Outlook 2016
The Burundi Economic Outlook 2016 report provides an overview of Burundi’s economic environment and key sectors. The report also highlights significant allocations from the 2016/17 budget to various sectors in the country.