4 Things You Should Know About the National Economy Committee
The parliament of Uganda has two different types of committees. Standing Committees and Sectoral Committees.
In accordance with article 90 of the constitution, the committee members are proposed by the Government chief whip and Opposition whip. The proposed names are then read out to the house (Parliament in session) the House appoints committee members by voting Yes or no to a name read.
What Laws provide for Appointment of a committee member?
According to article 183 (1) of the Rules of Procedure, there shall be Sectoral Committees of the House, whose members shall be designated by Whips on basis of Party or organization representation and interests of Independent Members in the House at the beginning of every session of parliament.
Article 155 (1) of the Rules of Procedure states that; the Standing committee of the House shall have the tenure of office of two and a half years and one of these committees is the Committee on National Economy.
What are the functions of the Committee?
Article 175 0f the Rules of Procedure clearly states the functions of the Committee on the National Economy and they include the following;
It shall be the function of the Committee on the National Economy to review, consider and scrutinize all matters relating to national economy generally, finance and any other matter referred to it by the House.
The Committee shall in particular examine and monitor the state of the national economy, to examine and make recommendations to the House on all loan agreements required to be authorized or approved by the House under article 159 of the constitution, to assess annually the performance of loans and guarantees approved by parliament, to examine the annual state of indebtedness and management of Government debt, including the Debt Management Performance Assessment Framework, to examine loan guarantee requests and assess the performance of existing ones by Government, to examine the report on grants received by Government and to explore means of improving the national economy.
Examining loan guarantee requests and assess the performance of existing ones by Government being of the functions of the Committee on the National Economy.
What is the composition of the Committee?
The Committee is chaired by the Member of Parliament for Nakaseke County North, Nakaseke district Bbumba Syda Namirembe. Out of the 429 Members of Parliament, 35 Members sit on the Committee on National Economy. 25 Members support the National Resistance Movement (NRM ) party, 6 belong to the Independent and 4 members support the Forum for Democratic Change(FDC).
The table below shows their professions and academic qualifications.
|NAME||CONSTITUENCY||PROFESSION||Level of Education|
|1||Hon. Bbumba Syda Namirembe C/P||Nakaseke North county||Accountant||masters|
|2||Hon. Bategeka Lawrence V/CP||Hoima Municipality||Economist||PhD|
|3||Hon. Muyanja Johnson Senyonga||Mukono south county||Lawyer||masters|
|4||Hon. Tayebwa Thomas||Ruhinda North||Teacher||Bachelors|
|5||Hon. Kalule Sengo Emmanuel||Gomba East county||Administrator||Masters|
|6||Hon.Igeme Nathan Nabeta||Jinja Municipality||Businessman||Bachelors|
|7||Hon. Migadde Robert Ndugwa||Buvuma Islands county||Legislator||masters|
|8||Hon. Okello Anthony||Kioga county||Economist||Bachelors|
|9||Hon. Musoke Paul Sebulime||Buikwe county||Social scientist||masters|
|10||Hon. Kibalya Henry Moris||Bugabula South||Pilot||masters|
|11||Hon. Guma Gumisiriza David||Ibanda North||Economist||Bachelors|
|12||Hon. Nambeshe John Baptist||Manjiya county||Economist||Bachelors|
|13||Hon. Ikojo John Bosco||Bukedea county||Accountant||masters|
|14||Hon. Angura Fredrick||Tororo South county||Businessman||Bachelors|
|15||Hon. Amero Susan||Amuria Dwr||Administrator||masters|
|16||Hon. Mandera Amos||Buyamba county||Social worker||masters|
|17||Hon. Babirye Judith||Amuria Dwr||Musician||Bachelors|
|18||Hon. Seguya Lubyayi John Bosco||Mawokota County south||Administrator||Bachelors|
|19||Hon. Lokeris Samson||Dodoth East county||Administrator||Bachelors|
|20||Hon. Kajara Aston||Mwenge county south||Lawyer||Bachelors|
|21||Hon. Martial Andrew||Igara East||Teacher||Bachelors|
|23||Hon. Anne Mary Tumwine||Ntoroko District||Administrator||Bachelors|
|24||Hon. Katwesigye Oliver Koyekyenga||Buhweju District||Businesswoman||Bachelors|
|25||Hon. Akamba Paul||Busiki||Lawyer||Bachelors|
|26||Hon. Adeke Anna Ebaju||National Female youth||Lawyer||Bachelors|
|27||Hon. Nauwat Rosemary||Amudat District||Teacher||Bachelors|
|28||Hon .Atiku Bernard||Ayivu county||Social worker||Bachelors|
|29||Hon. Lakot Oruni Susan||UPDF||Soldier||Bachelors|
|30||Hon. Jack Wamanga Wamai||Mbale Municipality||None||Masters|
|31||Hon. Herbert Edmund Ariko||Soroti Municipality||Social worker||Masters|
|32||Hon. Jimmy Akena||Lira municipality||Politician||Certificate|
|33||Hon. Katoto Hatwib||Katerera county||Businessman||Bachelors|
|34||Hon. Kamara John Ninzeyimana||Bufumbira North||Administrator||Bachelors|
|35||Hon. William Nzoghu||Busongora North.||Social worker||Masters|
What has the committee done so far?
The committee has approved three loans in this 10th Parliament and several others have not yet been approved by the committee.
The first loan approved by the parliament was to borrow for the Lake Victoria Maritime Communication and Transport Project. That loan is up to $ 14,4 Million USD or 52,409 billion, Uganda Shillings.
The second loan approved by the parliament was to borrow for the upgrade the road Kapchorwa-Suam-Kitale Road. These were two loans in one. Which is one $ 38,349,313.28 or 139,705 billion Uganda Shillings; this was borrowed from African Development Bank (ADB). The other was $ 56,129,597.12 or 204,437 billion Uganda Shillings from the African Development Fund (ADF).
The third loan was in Euros, first part from UK Export Finance (UKEF), which was EUROS 270,266,042.15, converted to US Dollars is $ 321,199,210.23 or in Uganda Shilling the total: 1,170,081,708,10 Uganda Shillings or in word One Trillion One Hundred Seventy billion Uganda Shilling. The second loan is in EUROS 37,110,585 from Standard Chartered Bank, converted to US Dollars is $ 44,112,060.75 or in Uganda Shillings 160,670,761,044.55 or in words One Hundred Sixty Billion, six hundred seventy million, seven hundred sixty-one thousand, forty-four and fifty-five hundredths, Uganda Shillings.
With Uganda’s borrowing rates, I am certain there will be more loans before Parliament soon.