Tag Archives: budget

Kampala, Uganda | THE INDEPENDENT | The Deputy Attorney General, Jackson Kafuuzi, has been directed to prepare a statutory instrument intended extend the time of office of the Women Councils. “There is a political vacuum and we need this to be resolved. Can we have that document by next Tuesday?” Speaker …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have approved a request by the government to borrow $464 million (about Shs1.7 trillion) to finance infrastructure and development needs of the budget despite objection from the opposition, who say the loan terms are unfair. Referred to Parliament’s Committee on National Economy …

Kampala, Uganda | THE INDEPENDENT | The Finance State Minister, Henry Musasizi has asked Members of Parliament to approve up to Shs3.5 trillion to finance the Shs48.1 trillion budget. The first loan request which is up to US$464 million translating to about Shs1.7 trillion, is to be sourced from the Standard …

Kampala, Uganda | THE INDEPENDENT | The government is intending to borrow 1.73 trillion Shillings to finance the country’s development and infrastructure budget for the current financial year. Uganda Radio Network has learnt that the Minister of Finance, Matia Kasaija has already submitted to Parliament a formal request to borrow money …

Kassanda, Uganda | THE INDEPENDENT | Kassanda district council on Tuesday approved a supplementary budget of 305 million Shillings for the fight against Ebola. The budget was passed and approved at a special council sitting chaired by Speaker Godfrey Katumba. The money will be used for surveillance, response to alerts, awareness …

London, UK | Xinhua | Liz Truss, prime minister of the United Kingdom (UK), on Wednesday defied calls to resign after almost all the measures in her government’s economic blueprint had been scrapped following market turmoil. Responding to a question from the opposition Labour leader Keir Starmer on why she should …

Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance in charge of General Duties, Henry Musasizi has raised concerns over the country’s high fiscal deficit saying it’s worrying. Parliament in May this year passed a budget of 48.1 trillion shillings for the financial year 2022/23. However, out of the total …

Kampala, Uganda | THE INDEPENDENT | Legislators have committed to budget for a contingency fund in the next budget cycle after it was left out in the Financial Year 2022/2023 budget. The commitment came on Wednesday, September 21, 2022, during plenary when the Vice-Chairperson of the Budget Committee, Ignatius Wamakuyu, reported that …

Kampala, Uganda | THE INDEPENDENT | Parliament has amended the Kampala Capital City Authority Act 2010 to allow the responsible minister to determine emoluments payable to the authority speaker and deputy speaker as well as their urban division counterparts. In an uncontested amendment, MPs empowered the Kampala Capital Authority Minister to, in …

Kampala, Uganda | THE INDEPENDENT | The European Union has joined the Ugandan tourism sector and the civil society to demand increased government funding for the sector. The tourism sector is Uganda’s top foreign exchange earner, valued at US$ 1.6 billion in 2019/2020, while the number of foreign visitors was about …