Kampala, Uganda | THE INDEPENDENT | Parliament has approved 39.6 trillion shillings budget estimates for the coming financial year 2020/2021. The approval during the sitting chaired by Deputy Speaker Jacob Oulanyah on Thursday followed the adoption of the Budget Committee report that recommended the passing of the National Budget Framework Paper …
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Kampala, Uganda | THE INDEPENDENT | The Minister of State for Planning David Bahati together with the Finance Ministry Director Budget Kenneth Mugambe on Thursday came under criticism over the move to borrow funds to finance activities for the 2021 general elections. Minister Bahati and Mugambe had appeared before the Legal …
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Kampala, Uganda | THE INDEPENDENT | The Minister for Kampala Betty Amongi has asked government to allocate more funds to Kampala Capital City Authority-KCCA. Amongi was on Wednesday appearing before Parliament’s Presidential Affairs Committee where she decried the minimal funding to Kampala Capital City Authority-KCCA. According to the Budget Framework Paper …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has tabled the third National Development Plan- NDPIII. The five-year plan was supposed to be approved before the presentation of the National Budget Framework Paper for financial year 2020/2021. David Bahati, the Minister of State for Planning in the Finance …
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Kampala, Uganda | THE INDEPENDENT | The Minister of State for Planning David Bahati says the Petroleum Fund has shillings 70 billion. This is contrary to what he told the parliamentary finance committee last week that the fund had been depleted. Appearing before the budget committee on Tuesday, Bahati backtracked, saying …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have questioned the competence of the government’s internal Auditor-General, Dr Fixon Akonya Okonye. This was on Friday during the committee meeting with Okonye and other officials from the Ministry of Finance over the current stock of domestic …
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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 …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Finance Committee has summoned the Bank of Uganda Governor Emmanuel Tumusiime Mutebile to explain the continued recapitalization of the institution. This follows a fresh request by the Ministry of Finance to recapitalize the Central Bank with Shillings 481.7 billion Shillings in the coming financial …
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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 …
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Kampala, Uganda | THE INDEPENDENT | There is a bitter row between David Bahati, the State Minister of Finance for Planning and Andrew Aja Baryayanga, the Kabale Municipality Member of parliament and Ndorwa East MP, Wilfred Niwagaba over the proposed boundaries of the proposed Kabale city. Kabale municipality appeared on the …
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The Independent Uganda: You get the Truth we Pay the Price