Tag Archives: financial year

Priority on human development, security, energy, transport COVER STORY | ISAAC KHISA | Finance Minister, Matia Kasaija, on June 15 hit several optimistic notes for next Financial Year when announcing a Shs52.7 trillion budget. That is a 10% jump from the Shs48 trillion last financial year and the biggest rise in …

Soroti, Uganda | THE INDEPENDENT | Soroti district has presented a budget of UGX. 29.3 billion for the financial year 2023/2024. The new budget estimates are less than the current financial year budget of UGX. 30.1 billion. In the proposed budget estimates for the next financial year, central government is expected …

Kampala, Uganda | THE INDEPENDENT | Users of mobile phones will effective Thursday, July 1, have to pay a 12 per cent Excise Duty on the value of data, airtime and other value-added services they use, each time they top up. The tax which has until now been charged at 20 …

Mbarara, Uganda | THE INDEPENDENT |  Mbarara district local government has recorded a shortfall in local revenue collection for the financial year 2020/2021 ending June. According to a presentation by the Secretary of Finance and budgeting Basil Bataringaya, there was a shortfall of 400 million shillings out of the expected 1 …

Kampala, Uganda | THE INDEPENDENT |  The government has secured a supplementary expenditure request worth 695.5 billion Shillings for the current financial year 2020/2021. The expenditure was approved by Parliament last evening, shortly before the tenth parliament closed its business.  A big chunk of the money (481 billion Shillings) is going …

Kitgum, Uganda | THE INDEPENDENT |  Kitgum District Local Government has increased its 2021/2022 Financial year budget by 1.1 percent, up from the previous 2020/2021 Financial year budget. The District Council on Monday approved a draft budget of 36.3 billion Shillings, an increment of shillings 2.9 billion from shillings 33.3 Billion …

Kasese, Uganda | THE INDEPENDENT |  The Kasese Municipality Council has unanimously agreed to reduce the councillors’ emoluments for the financial year 2021/2022. The council also resolved to cut down on the emoluments of the council’s speaker, the mayor and their deputies.  Kasese municipal council will have more than 40 councillors …

Gulu, Uganda |  THE INDEPENDENT |  Gulu District Local Government has approved a 39.2 billion Shillings’ budget for the 2020/2021 Financial Year. The budget recorded a shortfall of 2.3 billion from the 42.3 billion Shillings passed in the ending financial year. The District is expected to raise 23.9 billion Shillings (60 per cent) …

Luweero, Uganda |  THE INDEPENDENT |  Luweero district has projected a revenue shortfall of 300 million Shillings, as part of its estimates for this financial year. The district had planned to collect over one billion Shillings in local revenue in the financial year 2019/2020. However, the district has realized only 562 …

Soroti, Uganda |  THE INDEPENDENT |  36 districts have failed to to submit draft budget estimates, work plans and performance contracts for the financial year 2020/2021. The revelation is contained in the letter addressed to the Permanent Secretary, Ministry of Local Government by Keith Muhakanizi, the Permanent Secretary Ministry of Finance, …