Looking at the performance last year, the minister said the economy grew by 5.1% in the 2012/2013 compared to 3.4% in the previous financial year.
The minister said that at least 5,200 small businesses were supported under the Youth Venture Capital Fund and that up to 21 billion shillings had been given out by May 2013.
During the year, over 35, 000 farmers directly benefitted from provision of improved maize seed, in addition to accessing inputs such as fertilizers, under the commodity approach. A total of 13, 486 kg of foundation seed for Arabica coffee, beans, maize and rice, were distributed to seed companies and farmer groups.
To enhance irrigation for water for production, the minister announced rehabilitation of all the three irrigation schemes of Mubuku in Kasese, Doho in Butaleja and Agoro in Lamwo district.
On education, Kiwanuka announced that government has allocated five billion shillings towards operationalization of the Student Loan Scheme.
Speaking after the budget speech, President Yoweri Museveni said donors are welcome to fund projects like roads. However, the president insisted that roads such as Mukono-Kyetume-Katosi-Nyenga, Mubende-Kakumiro-Kagadi, and Sembabule-Villa Maria among others will be fully funded by the government in the next financial year.
On power generation, Museveni said the Egyptians say that there is a threat of building dams on the Nile. But he noted that the lack of electricity is leading people to cut trees for energy. In Uganda according to Museveni, 40 billion cubic metres per annum is destroyed for firewood. Museveni said the real threat to the Nile is lack of electricity.
The president further said no Africans want to hurt Egypt, adding that Egypt cannot continue to hurt countries in the Sub-Sahara Africa that want to utilize the Nile to extend power to their people. These comments come as Egypt and Ethiopia are bickering over the latter’s plans to build a power dam on the Blue Nile.