Tag Archives: budget

Kampala, Uganda | THE INDEPENDENT  | The government has exhausted resources in the Petroleum Fund, Parliament has learnt. This is after the Minister of State for Planning David Bahati confirmed a zero budget allocation from the fund to support the coming financial year 2020/2021 budget despite previous allocations. “There is …

Kampala, Uganda | THE INDEPENDENT  | The Director Budget in the Ministry of Finance, Kenneth Mugambe says that the proposed budget for the coming financial year 2020/2021 is expected to increase once on-going project negotiations that require external financing are concluded. According to the Budget framework paper accessed by URN, government …

Johannesburg, South Africa | AFP |  South Africa’s debt-laden state power company Eskom on Monday announced it was implementing a more intense electricity rationing schedule, five days after continued rolling power cuts have plunged businesses, schools and homes into darkness. The power cuts, known as “load shedding” are implemented to …

Kampala, Uganda | THE INDEPENDENT  | Government has plans to borrow 2.43 trillion shillings to finance a budget shortfall realized a few months into the current financial year. According to a domestic loan request presented to Parliament on Wednedsay, government says that out of the 2.43 trillion Shillings, Euros 300 …

Kampala, Uganda | THE INDEPENDENT | The management of Makerere University Business School-MUBS has failed to explain the source of 9.9 billion shillings that was spent over and above the institutions’ allocated budget. The University officials had appeared before Parliaments Public Accounts Committee yesterday to respond to queries raised by the …

Kampala, Uganda | THE INDEPENDENT | Ndorwa East Member of Parliament Wilfred Niwagaba says ministers of finance are standing in the way of tabling proposals through which the Ugandan Opposition is seeking amendments to the Constitution that would lead to changes in the setup of government. Niwagaba, the shadow attorney …

Kampala, Uganda | THE INDEPENDENT | The African Union (AU) has slashed the Pan African Parliament (PAP) budget for the 2020 financial year by US Dollars 4 million. Although the PAP had requested and passed a budget of US Dollars 20.79 million during its May 2019 plenary sitting in South …

Abuja, Nigeria | AFP |  Nigerian President Muhammadu Buhari on Tuesday unveiled a record budget plan to lawmakers, ramping up ambitious spending goals for his second term in charge. The draft budget increased more than 13 percent from last year at 10.33 trillion naira — around $33.8 billion (30.8 billion …

  Kampala, Uganda | THE INDEPENDENT | Government is stuck with newly created administrative units across the country. “Government is currently stuck with about 300 newly created sub-counties and 200 Town Councils over lack of money to fund their operations,” Finance Minister Matia Kasaija revealed recently. He made the remarks during …

Kampala, Uganda | THE INDEPENDENT |  Parliament’s Public Accounts Committee (PAC) has faulted the Mubende Regional Referral Hospital Director, Alex Andema over a 777.8 million Shillings wrongly expenditure on a stalled building.  Andema and other hospital officials on Tuesday appeared before the committee chaired by Budadiri West MP Nathan Nandala Mafabi …