|Approval Date||16 Jul 1997|
|Signature Date||03 Sep 1997|
|Planned Completion Date||31 Dec 2001|
|Last Disbursement Planned Date||31 Dec 2001|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The Second Structural Adjustment Loan (SAL II) project aims at providing balance of payments support to the Government of Uganda while it undertakes reforms towards the attainment of fiscal sustainability. The program consists of reform measures for the attainment of fiscal sustainability through enhanced revenue mobilization and public expenditure control. To achieve the objective of fiscal sustainability, the programme will support (i) revenue mobilization measures under which the Government will widen the tax base and improve tax adminstration; (ii) public expenditure reform aimed at limiting budgetary supplementaries, and prioritizing government spending to ensure adequate funding of expenditures that have the greatest impact on poverty reduction; (iii) a restructuring of state-owned enterprises that will permit a cut in government subsidies; and (iv) financial sector reform to strengthen the commercial banking sector and the Bank of Uganda.
The programme objective is to achieve long term fiscal sustainabilty through the establishment of an efficient tax system and an improved management of public expenditure. The objective of the loan is to provide balance of payments end budget support to the government while it undertakes reform aimed at poverty reduction, the attainment of fiscal sustainability and improved management of public expenditure.
The project will benefit the Ugandan government as well as public enterprises whose restructuring will improve resource allocation, thereby promoting economic growth.
African Development Fund
GOVERNMENT OF UGANDA
|Last Update||01 Dec 2022|