Kampala, Uganda | THE INDEPENDENT | Muwanga Kivumbi was unamused by the majority report, and noted that government could be losing well up to Shs8 trillion in tax exemptions, which he said makes no sense in light of budgeting constraints occasioned by pressures on the national resource envelope. “We have …
Read More »â€˜Review student loan schemes’
Kampala, Uganda | THE INDEPENDENT |Â The public outcry to extend scholarships and students loans to the most indigent, might come to an end with Members of Parliament calling for review of the scheme. Legislators expressed concern that majority of scholarships, bursaries and loans go to students from well to do …
Read More »Parliament to budget for contingency fund to curb supplementaries
Kampala, Uganda |Â THE INDEPENDENT |Â Legislators have committed to budget for a contingency fund in the next budget cycle after it was left out in the Financial Year 2022/2023 budget. The commitment came on Wednesday, September 21, 2022, during plenary when the Vice-Chairperson of the Budget Committee, Ignatius Wamakuyu, reported that …
Read More »â€˜Safeguard Uganda’s properties & trade interests in Kenya’
Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Budget has asked Uganda’s High Commission in Kenya to maintain government properties in good shape so that they can generate sufficient revenue to finance the national budget. In a meeting with High Commission officials in Nairobi led by Head of Mission, Ambassador …
Read More »MPs oppose funding for presidential initiative on model villages
Kampala, Uganda | THE INDEPENDENT | Legislators on the Budget Committee have opposed a proposal to provide additional funding to facilitate the presidential model villages’ project in the next financial year. The chairperson of the Committee on Presidential Affairs, Jesca Ababiku, who had on Thursday, 28 April 2022 appeared before the Budget …
Read More »MPs approve Budget Framework Paper in readiness for FY 2022/23 budget
Kampala, Uganda |Â THE INDEPENDENT |Â MPs have unanimously approved the Budget Framework Paper for the financial year 2022/23 to FY 2026/27, after harmonising positions in the minority and majority reports of the Committee on Budget. Section 9(8) of the Public Finance Management Act requires Parliament to receive and process the Budget …
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