Kampala, Uganda | THE INDEPENDENT | The government has a spending plan that should ensure an average Ugandan earns 1,338.7 US Dollars or 4.9 million shillings per year by the end of 2025/2026. Currently, the per capita income of Uganda stands at 1,046 dollars (3.85 million shillings) as at the end …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development has warned Accounting Officers of dire consequences for habits of deliberate poor budgeting. The warning was issued by the Permanent Secretary and Secretary to the Treasury-PSST in the Ministry of Finance, Ramathan Ggoobi, who accuses some accounting …
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Global climate finance conference leaves bitter taste for Africa ANALYSIS | RONALD MUSOKE | “When the world came to Baku, people doubted that Azerbaijan could deliver. They doubted that everyone could agree. They were wrong on both counts.” Those were the parting shots of Mukhtar Babayev, the COP29 president, after a …
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Kampala, Uganda | THE INDEPENDENT | The Government of Uganda has reaffirmed its commitment to the Digital Tax Stamps (DTS) program, emphasizing its role in strengthening tax compliance and market integrity. Isaac Arinaitwe, the Ministry of Finance’s Principal Economist, explained that the DTS program, launched in 2019, has been …
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KAMPALA, UGANDA | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development has released 15.99 trillion for the second quarter. The announcement was made on Tuesday by the Permanent Secretary of the Ministry of Finance, Ramathan Ggoobi, who is also the secretary to the Treasury (PSST). According to the …
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Kampala, Uganda | THE INDEPENDENT | Legislators on the Committee of Finance have questioned the manner and criteria the Uganda Revenue Authority (URA)is using to extend tax waivers to companies and individuals. While appearing before the committee, the State Minister for Finance (General Duties), Henry Musasizi said the tax waivers will …
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Continent to fund own oil and gas projects in wake of Western financial institutions’ hesitancy ANALYSIS | RONALD MUSOKE | The African Petroleum Producers’ Organisation (APPO), an association of African petroleum producing countries, together with the African Export-Import Bank (Afreximbank) have zeroed-in on Nigeria’s federal capital, Abuja, to host the headquarters …
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Kampala, Uganda | THE INDEPENDENT | Legislators on the Committee on Commissions, Statutory Authorities and State Enterprises have tasked the finance ministry to present documentation on the criteria used in granting bailouts to companies in financial crises. According to the committee chairperson, Medard Sseggona, companies belonging to foreign investors have mostly …
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KAMPALA, Uganda | Xinhua | The Ugandan Ministry of Finance, Planning and Economic Development said on Thursday that ongoing geopolitical tensions, tightening global financial conditions, and climate change are key risk factors to the country’s revenue collection. The ministry, in its Fiscal Risk Statement for the financial year 2024/2025, which …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has issued a raft of measures it plans to use to raise more taxes next financial year, if approved by parliament. The proposals in the new tax amendment bills are already raising fears among the public that …
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