Committee on National Economy (Uganda)

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Committee on National Economy
Coat of arms of Uganda.svg
Coat of arms of Uganda
Committee on National Economy (Uganda)
Standing committee overview
Jurisdiction Government of Uganda
Headquarters Parliament of Uganda, Kampala, Uganda
0°18′54″N32°34′55″E / 0.315°N 32.582°E / 0.315; 32.582
Standing committee executive
Parent department Parliament of Uganda
Website Official website

The Committee on National Economy is a standing committee of the Parliament of Uganda. It scrutinizes and oversees the national economy, including public borrowing, macroeconomic policy, and financing proposals submitted by the executive and reports its findings and recommendations to the Parliament. [1] [2]

Contents

Mandate

Under the Parliament’s Rules of Procedure, the committee reviews, considers, and scrutinizes all matters relating to the national economy. Its remit includes analysis of loan and guarantee requests, evaluation of their terms and impact, monitoring of implementation, and reporting to Parliament. [2] [3] The committee is responsible for reviewing borrowing proposals, assesses macroeconomic implications, and advises the Parliament on economic policy choices. [4]

Status within Parliament

The committee is classified as a standing committee. Standing committees are reconstituted every two and a half years and typically comprise about 30 members selected by party whips. [5]

Membership and leadership

The Parliament maintains an official roster of members and leadership for the committee. Recent listings identify John Bosco Ikojo as chairperson, with other members drawn from multiple parties and regions. The Parliament’s site also hosts the current membership list as a downloadable attachment. [6] [7]    NRM (34)    NUP (3)    FDC (4)    DP (2)    UPC (1)    Independents (9) = 53 members

Party-wise membership of Committee on National Economy (2024–2026)
  1. NRM (66.0%)
  2. Independents (17.0%)
  3. FDC (7.55%)
  4. NUP (5.66%)
  5. DP (3.77%)

Activities

The committee routinely considers government borrowing and related economic measures. In September 2025 it called for a review of a proposed €183.3 million loan for water and sanitation and an associated domestic Treasury Bill, after examining terms and project design. The next day Parliament adopted the borrowing proposal. [9] [10]

Uganda’s public debt has grown steadily over recent years, driven by external financing for infrastructure and increasing domestic borrowing, according to the Bank of Uganda’s State of the Economy Report. [11] The Ministry of Finance, Planning and Economic Development reports that public debt rose during the 2023–2024 and 2024–2025 financial periods, with Treasury bonds and Treasury bills contributing significantly to the domestic debt portfolio. [12] Under Rule 184 of the Rules of Procedure of the Parliament of Uganda, all government loan and guarantee requests must be referred to the Committee on National Economy, which assesses their economic implications before they are considered by the House. [13]

The committee operates under the Rules of Procedure of the Parliament of Uganda, issued under article 94 of the Constitution. The rules set out the establishment, composition, and functions of standing committees, including the Committee on National Economy. Updated instruments and consolidated rulebooks are published by Parliament and in Uganda’s legal information repositories. [2] [14]

See also

References

  1. ↑ "The Committee on National Economy | Parliament of Uganda". www.parliament.go.ug. Retrieved 2025-10-26.
  2. 1 2 3 The Rules of Procedure of the Parliament of Uganda. Arrangement of Rules
  3. ↑ Rules of Procedure of Parliament of Uganda
  4. ↑ "4 Things You Should Know About the National Economy Committee Parliament Watch". parliamentwatch.ug. Retrieved 2025-10-26.
  5. ↑ "Committees of Parliament | Parliament of Uganda". www.parliament.go.ug. Retrieved 2025-10-26.
  6. ↑ "The Committee on National Economy | Parliament of Uganda". www.parliament.go.ug. Retrieved 2025-10-26.
  7. ↑ "Committee on National Economy – Parliament Watch". parliamentwatch.ug. Retrieved 2025-10-26.
  8. ↑ Membership of the Committee on National Economy
  9. ↑ "House committee calls for review of €183m water and sanitation loan | Parliament of Uganda". www.parliament.go.ug. Retrieved 2025-10-26.
  10. ↑ "€183m water and sanitation loan approved | Parliament of Uganda". www.parliament.go.ug. Retrieved 2025-10-26.
  11. ↑ "State of the Economy Reports". Bank of Uganda. Retrieved 2025-10-26.
  12. ↑ "Public Debt, Grants and Guarantees Report FY2023/24". Ministry of Finance, Planning and Economic Development. Retrieved 2025-10-26.
  13. ↑ "Rules of Procedure of the Parliament of Uganda". Parliament of Uganda. Retrieved 2025-10-26.
  14. ↑ "Rules of Procedure of the Parliament of Uganda". ulii.org. 2025-04-25. Retrieved 2025-10-26.
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