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 …
Read More »Kitgum district budget up by one percent
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 …
Read More »Gov’t lacks work plan for UGX 200Bn withdrawn from Petroleum fund
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 …
Read More »Parliament approves UGX 44.7 Trillion budget
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 …
Read More »IN THE INDEPENDENT: Matia Kasaija’s tax burden
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 …
Read More »Ministry of finance on the spot over non compliance of public finance management act
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 …
Read More »Gov’t allocates 200 million to each MP for a vehicle
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 …
Read More »Gov’t tables UGX 41.2 trillion budget for 2021/2022
Kampala, Uganda | THE INDEPENDENT | The Minister of finance Matia Kasaija has tabled a budget of 41.2 trillion shillings for the next financial year 2021/2022. The proposed budget is 4.3 trillion shillings less than last year’s budget. According to the proposed budget tabled before the parliament’s budget committee by the …
Read More »BUDGET: Finance Minister tables 12 new tax proposals
1️⃣ The Traffic and Road Safety Act (Amendment) Bill, 2021 2️⃣ The Fish (Amendment) Bill, 2021 3️⃣ Mining (Amendment) Bill, 2021 4️⃣ Tax Appeals Tribunal (Amendment) Bill, 2021 5️⃣ The Excise Duty (Amendment) Bill, 2021 6️⃣ External Trade (Amendment) Bill, 2021 7️⃣ Income Tax (Amendment) Bill 2021 8️⃣ Stamp Duty (Amendment) Bill, 2021 9️⃣ Tobacco Control (Amendment) Bill, …
Read More »Gulu district proposes UGX 31 Bn budget for FY 2021-22
Gulu, Uganda | THE INDEPENDENT | Gulu district local government has proposed a draft budget of 31 billion shillings for the 2021/2022 financial year. The draft budget was passed on Tuesday morning from Gulu district council hall by Martin Ojara Mapenduzi, the outgoing Gulu district chairman during the full council meeting. …
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