Soroti, Uganda | THE INDEPENDENT | Soroti district has presented a budget of UGX. 29.3 billion for the financial year 2023/2024. The new budget estimates are less than the current financial year budget of UGX. 30.1 billion. In the proposed budget estimates for the next financial year, central government is expected …
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Kampala, Uganda | THE INDEPENDENT | The Leader of Opposition in Parliament, Mathias Mpuuga has unveiled the opposition’s alternative national budget for the next financial year 2023/2024. The 49 Trillion Shillings budget under the theme; Rethinking Uganda’s Economy: A Human Rights Approach to Resource Allocation was delivered on Friday In his …
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Nairobi, Kenya | Xinhua | Kenya’s National Treasury said Wednesday that it intends to issue syndicated bonds in local currency in the financial year 2023/2024 as it explores new ways to raise money to finance the country’s 3.6 trillion shillings (about 28.56 billion U.S. dollars) budget. The Treasury said in its …
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Kampala, Uganda | THE INDEPENDENT | The government of Uganda has proposed a raft of measures aimed at improving public expenditure next year, but also to reduce reliance on external support, raising questions as to how half of the budget will be financed. The budget process for 2023/24 which climaxes in June …
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Geneva, Switzerland | Xinhua | FIFA announced Wednesday an increased budget of over two billion U.S. dollars in the 2023-2026 cycle for its FIFA Forward program. The FIFA Forward 3.0 Program, laid out by FIFA president Gianni Infantino in January, will provide 2.25 billion U.S. dollars to develop the sport worldwide, the …
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Kampala, Uganda | THE INDEPENDENT | The Minister of Gender, Labour and Social Development, Betty Amongi, has rejected a claim by the board chairperson of the National Social Security Fund (NSSF) that she irregularly requested for Shs6 billion. On Thursday, 02 February 2023, a day after Peter Kimbowa’s allegation before the select …
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Kampala, Uganda | THE INDEPENDENT | The Parliamentary Forum on Social Protection has warned that thousands of older persons benefiting from the Social Assistance Grants for Empowerment – SAGE programme across the country will be severely affected following a significant budget cut. Flavia Kabahenda, the Chairperson of the Forum says that …
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Kampala, Uganda | THE INDEPENDENT | The Opposition in Parliament has said that the proposed resource envelope for the next financial year 2023/2024 is unrealistic based on the proposed tax revenue collections and the country’s debt stock. This is according to a minority report on the proposed National Budget Framework paper …
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Kampala, Uganda | THE INDEPENDENT | Legislators have urged government to consider merging Uganda Broadcasting Corporation (UBC) and the New Vision following reports of non-performance. MPs made this proposal while scrutinizing the budgetary allocations to UBC for the Financial Year 2023/2024, arguing that government should not continue injecting money in an entity …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament have rejected the projected budget cuts in the tourism sector, saying it is a key contributor to foreign revenue and a remedy to debt burden. Legislators are dismayed that government is moving to cut the tourism budget from Shs195 billion in 2022/2023 Financial …
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The Independent Uganda: You get the Truth we Pay the Price