Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has withdrawn from parliament a loan proposal of 386 Billion Shillings that was meant to finance the upgrading of oil roads in the Albertine graben. The roads include the 54-kilometre Masindi-Biiso road, 25 kilometres of Hohwa-Nyairongo-Kyarushesha-Butole road, and 25.7 kilometres of …
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Kampala, Uganda | THE INDEPENDENT | The government has tabled before parliament the national budget framework paper totaling 43 trillion Shillings for the coming financial year 2022/2023. The document was tabled before the Tuesday afternoon sitting by the Minister of State for Finance-General Duties, Henry Musasizi. Speaker Jacob Oulanyah referred the …
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Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance, Planning and Economic Development (General Duties), Henry Musasizi, has given legislators assurance that medical intern doctors and senior medical staff in government health facilities will be paid within two weeks. “It is true that the House handled the issue …
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Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Income Tax (Amendment) (No. 2) Bill, 2021 which provides for windfall tax and limitations of deductions on petroleum operations. The bill, presented by Minister of State for Finance (General Duties), Henry Musasizi, was passed during plenary sitting on Tuesday, 14 December …
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Kampala, Uganda | THE INDEPENDENT | MPs on the Committee on Budget are scrutinising a Shs3.8 trillion supplementary budget with Shs1.3 trillion already spent as being within the limit allowed by the Public Finance Management Act. Section 25(1) of the Public Finance Management Act allows accounting officers, subject to the approval of …
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Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance, Henry Musasizi has tabled before Parliament the Income Tax (Amendment) (No.2) Bill, 2021. The Bill seeks to provide for the limitation of deductions on petroleum operations. Musasizi tabled the Bill during the plenary sitting on Tuesday chaired by Speaker …
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Kampala, Uganda | THE INDEPENDENT | There are adequate funds under the National Social Security Fund (NSSF) to pay midterm access, the Finance State Minister in Charge of Planning, Henry Musasizi has revealed. Appearing before the Gender Committee of Parliament that is considering the issue of midterm access, the minister noted …
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Kampala, Uganda | THE INDEPENDENT | The Ministry Finance, Planning and Economic Development says a total of 589 billion shillings was returned unspent to the Consolidated Fund by local governments at the end of financial year 2020/2021. The Public Finance Management Act, 2015 provides that all unspent balances from Ministries, Departments, …
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Kampala, Uganda | THE INDEPENDENT | Parliament has reversed the decision by the government that required local governments to remit all their revenue to the consolidated fund. Although local governments used to collect revenue and utilize it at source, the government through the Ministry of Finance came up with a decision …
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Kampala, Uganda | THE INDEPENDENT | The government spent a total of 2.854 billion Shillings on administrative costs to send COVID-19 relief cash to vulnerable Ugandans. Henry Musasizi, the State Minister for Finance revealed the figures while appearing before a joint meeting of the Public Accounts and the Local Government Committees …
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The Independent Uganda: You get the Truth we Pay the Price