Kampala, Uganda | THE INDEPENDENT | The budget cuts in the Ministry of Teso Affairs have raised concern from the leaders in the sub-region. A report from Kenneth Obote Ongalo, the State Minister for Teso Affairs, indicates that the ministry’s budget has been reduced from sh4.3 billion to three …
Read More »Repeal of Budget Act 2001 exposes MPs and Parliament
Kampala, Uganda | THE INDEPENDENT | Uganda made a big step backward by repealing a law that regulated the executive’s excesses in the budgeting process. The repeal of the Budget Act 2001 came at the peak of the contest over the allocation of resources between the Executive and the Legislative arms …
Read More »Deputy Speaker directs supplementary budget for Karuma Dam compensation
Kampala, Uganda | THE INDEPENDENT | Deputy Speaker Thomas Tayebwa has directed the Ministry of Energy and Mineral Development to prepare a supplementary budget for the compensation of individuals affected by the Karuma Dam project. This decision follows a report from the Parliamentary Committee on Environment and Natural Resources, which …
Read More »Kenya to overhaul budget after finance bill withdrawal amid protests
NAIROBI, Kenya | Xinhua | The Kenyan government is reorganizing the budget following the withdrawal of the Finance Bill 2024, which sparked protests across the country in the past three weeks, President William Ruto said Thursday. Ruto, who chaired a Cabinet meeting in Nairobi, the Kenyan capital, said the National …
Read More »World Bank: Supplementary expenditures eroding credibility of Uganda budget
Kampala, Uganda | THE INDEPENDENT | The World Bank has advised the government to focus on budget discipline this financial year if the fiscal policies are to benefit the citizens and the nation as a whole. The financial year2023/2024 was characterized not only what has been termed non-prioritized spending, but …
Read More »Budget 2024-2025: Past mistakes haunt Parliament
Kampala, Uganda | THE INDEPENDENT | The Parliament of Uganda has been recalled from their break to reconsider the 2024/2025 financial year budget. It is the first time since the passing Budget Act and the Public Finance Act 2015 that the Parliament of Uganda reconvenes to consider a budget already …
Read More »Private sector applauds increased budget for extractive industries
However, delays in project execution, limited resources, red tape in contract approvals remains big concerns Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector has welcomed the government’s decision to significantly increase the budget allocation for the mineral development and oil and gas sub-sectors but has voiced concerns over implementation. In …
Read More »CSOs identify key opportunities in the Shs72 trillion budget
The non-governmental organisations call for strong anti-corruption measures and debt reduction Kampala, Uganda | JULIUS BUSINGE | Civil Society Organisations (CSOs), under the umbrella of the Civil Society Budget Advocacy Group (CSBAG), have identified several opportunities in Uganda’s new Shs72 trillion budget. They emphasize investments in human capital development, peace and …
Read More »Kenya tax riots surprise Ugandans
How is that even possible? COVER STORY | THE INDEPENDENT | As thousands of mainly youth have been holding protest across Kenya against new tax proposals made in the annual budget for FY 2024/25, the main question in Uganda has been: How is that even possible? Many Ugandans took to the …
Read More »Kasaija’s Shs72 trillion heavy budget
Experts share mixed views relating to fiscal discipline, tax, growing debt COVER STORY | JULIUS BUSINGE | As Finance Minister Matia Kasaija ascended the podium at Kololo Independence Grounds on June 13 to unveil the FY2024/2025 National Budget, the air was thick with anticipation. The nation waited with bated breath, eager …
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