Kampala, Uganda | THE INDEPENDENT | Parliament has asked government to develop mechanisms that will ensure the country returns to a low risk of debt distress. During plenary on Tuesday, 30 August 2022, Parliament approved two reports of the Committee on National Economy on the State of Indebtedness, Grants and Guarantees …
Read More »Delayed payments by gov’t push away contractors: Experts
Kampala, Uganda | THE INDEPENDENT | Experts have asked the government to compile a ‘Domestic Arrears Register’ to improve accountability in debt management. This according to experts would also help the public and suppliers to track the unpaid government financial obligations. In February, the Ministry of Finance, Planning, and Economic Development reported …
Read More »Gulu University starts clearing accrued domestic arrears
Gulu, Uganda | THE INDEPENDENT | Gulu University has started clearing accrued domestic arrears after receiving Shillings 2.5billion from the Ministry of Finance, Planning and Economic Development this financial year. The University has accrued domestic arrears worth Shillings 5.8 billion since 2008. The arrears include services offered to the University and …
Read More »PAC questions Uganda Prisons over UGX 48 Bn expenditure
Kampala, Uganda | THE INDEPENDENT | The Public Accounts Committee-PAC has grilled Uganda Prison Services-UPS officials to explain the expenditure of Shillings 48 Billion without authorization. The UPS officials were appearing before PAC led by their accounting officer Samuel Baker Emiku to respond to queries in the Auditor General’s report …
Read More »MPs grill public service officials over domestic arrears
Kampala, Uganda | THE INDEPENDENT | The Public Accounts Committee of Parliament has questioned the rejection of domestic arrears of 77.6 million Shillings by Ernst and Young, an audit firm that was contracted by the Ministry of Finance to validate all government arrears. The Auditor General’s report for the financial …
Read More »PAC grills Secretary to Treasury over Public Debt Management
Kampala, Uganda | THE INDEPENDENT | Parliament’s Public Accounts Committee (PAC) has questioned the Secretary to Treasury Keith Muhakanizi over failure to prioritize and categorize domestic arrears under the stock of public debt. Muhakanizi together with the Accountant General Lawrence Ssemakula were on Tuesday appearing before the committee to respond …
Read More »MPs question competence of Internal Auditor General
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 …
Read More »Lands Ministry officials grilled over UGX 31 Billion domestic arrears
Kampala, Uganda | THE INDEPENDENT | The Ministry of Lands ministry has attributed the high debt in domestic arrears on compensation claims by former ranchers who lost land to government. This was revealed during a meeting between officials from the Ministry of Lands, Housing and Urban Development led by the Permanent …
Read More »NRM, Mukula fail to pay Namboole stadium UGX 1.1bn
Kampala, Uganda | THE INDEPENDENT | The Mandela National Stadium commonly referred to as Namboole Stadium is in a financial crisis with four of its tenants owing management 1.18 billion Shillings. The major debtors are Fortune Energy Limited owned by former MP Captain Mike Mukula to which Mandela Sports Hotel was …
Read More »Defence fails to explain UGX 35 Billion unauthorized domestic arrears
Kampala, Uganda | THE INDEPENDENT | The accounting officer of the defence ministry, Edith Buturo today failed to convince Parliament’s Public Accounts Committee over 35 billion Shillings domestic arrears acquired without requisite authority. Domestic arrears refer to unpaid bills for goods and services rendered to a government entity, including wages …
Read More »