Kampala, Uganda | THE INDEPENDENT | The Budget Committee of parliament have queried the government’s proposal to spend Shillings 336.8 billion to purchase radio sets for all homesteads in the country. The money is part of the bigger supplementary budget request worth Shillings 353.8 billion presented to the Committee by …
Read More »Gov’t urgently wants sh336 billion to buy radios for everybody
Kampala, Uganda | THE INDEPENDENT | In a fresh supplementary budget request to parliament, government is seeking a total provision of Shillings 353.8 billion to purchase radios to all Uganda homesteads to support long distance learning and others. David Bahati, the Minister of State for Planning presented the request to Parliament’s …
Read More »Cabinet approves new national population policy
Kampala, Uganda | THE INDEPENDENT | Cabinet has finally approved a new National Population Policy 2020. State Minister for Finance, David Bahati confirmed that the cabinet meeting on Monday approved the new policy which is aligned alongside Vision 2040 and Sustainable Development Goals. Unlike the past policy developed at the time …
Read More »Gov’t unveils UGX 40.7 Trillion budget proposals for FY 2021/2022
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has unveiled a 40.7 trillion Shillings budget for the financial year 2021/2022. The proposed figure is less of the current budget by 11 trillion Shillings. Parliament initially approved 45.49 trillion Shillings budget for the current financial year which started on …
Read More »Gov’t withdraws bill seeking to provide relief to COVID-19 donors
Kampala, Uganda | THE INDEPENDENT | Government has withdrawn the Income Tax (Amendment) (No.2) Bill, 2020, which sought to provide for the deduction of an equal amount of money to the donations by tax payers to the COVID19 National Task Force on Covid-19 while filing their tax returns. The move followed …
Read More »MPs ask government to teduce domestic borrowing
Kampala, Uganda | THE INDEPENDENT | Members of Parliament have asked the government to reduce domestic borrowing as a means to finance the budget saying it will crowd out the private sector. The MPs were today meeting the Ministry of Finance and the Uganda Revenue Authority (URA) to consider two loan …
Read More »Parliament approves tax exemption on COVID-19 medical supplies, hotels
Kampala, Uganda | THE INDEPENDENT | Parliament has approved a government proposal to exempt taxes from items used by medical workers in the treatment of COVID-19. Also exempted are materials and inputs used in the manufacture of equipment for the prevention, protection and treatment of COVID-19 patients. These include disposable …
Read More »Parliament disagrees with Museveni on taxing loss making companies
Kampala, Uganda | THE INDEPENDENT | Parliament has rejected President Yoweri Museveni’s proposal to tax businesses declaring losses in the current financial year 2020/2021. This is now the fourth consecutive time that the government’s proposal is suffering defeat. The decision was taken during a debate on Tuesday, in which MPs reconsidered …
Read More »MPs criticize extra funds allocated to Emyooga in Kampala and Wakiso
Kampala, Uganda | THE INDEPENDENT | Members of Parliament have raised concern over the government plan to give an additional 50 billion Shillings to Kampala and Wakiso districts under the Emyooga, a government initiative aimed at wealth creation and employment. The initiative is part of government strategies to transform …
Read More »Gov’t seeks to borrow UGX 6 trillion to finance budget deficit
Kampala, Uganda | THE INDEPENDENT | Government has tabled before parliament another request to borrow up to 6.2 trillion Shillings to finance the budget deficit for the current financial year 2020/2021. State Minister for Planning David Bahati who tabled the request said that of this, a total of 4 trillion …
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