Washington, United States | AFP | Donald Trump signed the first veto of his presidency Friday, overriding congressional opposition to secure emergency funds to build more walls on the US-Mexico border. Trump declared in the Oval Office that he was “proud” to sign the veto. It came after he suffered …
Read More »CSOs warn about Sh2.7 trillion tax arrears
Escalating tax arrears likely to hurt service delivery, CSOs warn Kampala, Uganda | THE INDEPENDENT | Civil Society Organizations (CSOs) have expressed concern over the growing tax arrears worth Sh2.7 trillion which government has failed to pay on behalf of contractors. Regina Navuga, a program officer at Southern and Eastern …
Read More »Uganda budget 2019-20 will jump to Sh34.3 trillion
Kampala, Uganda | THE INDEPENDENT | Sh 34.3 trillion is the resource envelope for financial year 2019/2020, up by Sh 2 trillion from the current financial year. Of the Sh 34.3 trillion, domestic revenue collections are expected to generate Sh 18.3 trillion, according to National Budget Framework Paper. The economy itself …
Read More »33 YEARS LATER: Mixed economy was right strategy
`We can’t build a mixed economy when the private sector side is parasitic on the public sector’ NRM programme point No. 10. Following an economic strategy of mixed economy When the NRM government took power in 1986, it introduced a 10-point programme. Point No.10 on the programme was to pursue …
Read More »Education ministry seeks additional sh348 billion in budget
Kampala, Uganda | THE INDEPENDENT | The Education sector in Uganda is seeking an additional funding of sh 348.6 billion in the next financial year 2019/2020. The funds will cater for activities that include recruitment of primary teachers, aiding community schools and the student’s loan scheme among others. The education …
Read More »Increase budget for PWDs- Gender Minister
Kampala, Uganda | THE INDEPENDENT | The Minister of State for Gender and Culture, Hon. Peace Mutuzo has asked Parliament to consider approving the proposed budget increase for Persons With Disabilities (PWDs). She said that the current budget of Shs2 billion is insufficient and cannot support the 12.8 million PWDs. “In …
Read More »US government shutdown extends into next week
Washington, United States | AFP | The US government partial shutdown was set to stretch deep into next week after legislators failed Thursday to make a breakthrough in the row over President Donald Trump’s demand for a US-Mexico border wall. After convening for just a few minutes following the official …
Read More »UN fails to reach deal on budget shortfall as US funding dips
United Nations, United States | AFP | United Nations member states failed to come up with a deal Friday to make up for a $220 million budget black hole left by the United States downsizing its contribution to peacekeeping operations, diplomats said. The United States had paid around 28 percent …
Read More »Nigeria’s Buhari submits slimmer budget to lawmakers
Lagos, Nigeria | AFP | Nigerian President Muhammadu Buhari on Wednesday presented parliament with his government’s 2019 budget plan that he said was to help growth, fight poverty and boost infrastructure. The draft budget, at 8.83 trillion naira ($24.3 billion), was smaller than the 9.12 trillion approved for the previous …
Read More »Saudi Arabia raises spending in new deficit budget
Riyadh, Saudi Arabia | AFP | OPEC heavyweight Saudi Arabia on Tuesday announced an expansionary budget for 2019 but projected a shortfall for the sixth year in a row due to low oil prices. The new budget comes with the oil-rich kingdom reeling under strong international pressure over the murder …
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