Kampala, Uganda | THE INDEPENDENT | Government will next financial year spend a big chunk of the budget on interventions for human capital development, security and integrated transport infrastructure among others. The 2021/2022 financial year budget set to come into effect on 1st July 2021, was on Thursday afternoon presented to …
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➡ Budget 2021/22 shs44.7 trillion ➡ domestic revenue 76.7% ➡ external revenue 23.3% ➡Domestic revenue, Shs.22,425 bn. ➡Domestic borrowing,Shs.2,943 bn ➡Petroleum Fund, Shs.200 bn. ➡Budget support, Shs.3,583 bn. ➡External financing for projects,Shs.6,868 bn. ➡Appropriation in Aid,Shs.212.4 bn. ➡Domestic debt refinancing,Shs 8,547bn. Kampala, Uganda | THE INDEPENDENT & PARLIMENT MEDIA | …
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Kampala, Uganda | THE INDEPENDENT | The newly elected Speaker of Kampala Capital City Authority-KCCA, Zahara Luyirika has expressed dismay over the low budget allocations to the authority during the budgeting process. Speaking at City Hall after taking oath as KCCA speaker, Luyirika said it’s a disgrace that while the city …
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Kampala, Uganda | THE INDEPENDENT | At the time of the inauguration of a new cabinet in 2016, President Yoweri Museveni, who had been in power for 30 years back then, boasted that Uganda was on the cusp of achieving lowe-middle-income status This is a term used by the World Bank …
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Kitgum, Uganda | THE INDEPENDENT | Kitgum District Local Government has increased its 2021/2022 Financial year budget by 1.1 percent, up from the previous 2020/2021 Financial year budget. The District Council on Monday approved a draft budget of 36.3 billion Shillings, an increment of shillings 2.9 billion from shillings 33.3 Billion …
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Kampala, Uganda | THE INDEPENDENT | There is no clear work plan for the 200 Billion Shillings that parliament has approved as an appropriation from the Petroleum Fund to partly finance the budget for the coming financial year 2021/2022. The House chaired by Speaker Rebecca Kadaga on Friday passed a 44.77 trillion …
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Kampala, Uganda | THE INDEPENDENT | Government plans to collect 22.63 trillion Shillings with over 20.83 trillion coming from tax revenue in the coming financial year 2021/2022. This is to help finance the 44.77 trillion Shillings budget passed by parliament. The approved budget is a decrease by 714.9 billion (1.6 percent) compared …
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Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Kasaija’s tax burden: How to raise money from ideas that failed THE LAST WORD Paved with good intentions: How Western interventions in African affairs, even when well intentioned, produce bad results ANALYSIS Saving …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has faulted officials from the Ministry of Finance for undermining the Public Finance Management Act provisions while presenting an additional budget of 3.4 trillion Shillings for the financial year 2021/2022. The additional budget presented to the Committee on Monday has increased the …
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Kampala, Uganda | THE INDEPENDENT | Government has revised downwards the budget for procurement of new vehicles for Members of the 11th Parliament by Shillings 121 million for each legislator. This brings the allocation to Shillings 200 million from the initially requested 321 million per MP by the Parliamentary Commission as per …
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