Kampala, Uganda | THE INDEPENDENT | The government of Uganda has proposed a raft of measures aimed at improving public expenditure next year, but also to reduce reliance on external support, raising questions as to how half of the budget will be financed. The budget process for 2023/24 which climaxes in June …
Read More »Involve districts and government agencies while managing disasters, government told
Kampala, Uganda | THE INDEPENDENT | The management of disasters should not be left in the Office of the Prime Minister but should tangibly be implemented through districts and other government agencies and departments, according to Civil Society Budget Advocacy Group, Executive Director, Julius Mukunda. Mukunda was speaking at a recently …
Read More »IMF clears Uganda for UGX455Bn credit after good performance
Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund-IMF, has given Uganda a clean bill of health regarding the handling of the COVID-19 pandemic, the funds and the economy as a whole. For this, the Fund’s board has allowed for the immediate release of 127 million US Dollars (about 455 …
Read More »Civil society urges streamlined Parish Development Model
Kampala, Uganda | THE INDEPENDENT | Civil Society Organisations have called on government to establish a clear allocation formula for funds under the Parish Development Model (PDM), while considering different demographic dynamics to promote equity. Julius Mukunda, the Executive Director at the Civil Society Budget Advocacy Group (CSBAG) said despite Shs465.48 billion …
Read More »CSBAG wants windfall tax levied on monthly basis to maximize revenue
Kampala, Uganda | THE INDEPENDENT | The Civil Society Budget Advocacy Group (CSBAG) has asked the Committee on Finance, Planning and Economic Development to alter the Income Tax (Amendment) (No.2) Bill, 2021 to allow government levy windfall tax on a monthly basis. In its current state, the Bill that is being scrutinised …
Read More »CSBAG cautions against allowing UNOC to retain oil revenue
Kampala, Uganda | THE INDEPENDENT | Civil Society Organizations have cautioned that allowing the Uganda National Oil Company (UNOC) to retain petroleum revenue will mark the beginning of an oil curse in Uganda. They have now asked the finance committee of Parliament to reject a proposal by the government to have UNOC …
Read More »CSOs decry tax exemptions in oil pipeline project
Kampala, Uganda | THE INDEPENDENT | Clauses in the East African Crude Oil Pipeline (Special Provisions) Bill, 2021 have rattled a section of civil society organisations over concessions and tax exemptions in the proposed legislation. During an appearance before the Committee on Environment and Natural Resources, Julius Mukunda, the Executive Director …
Read More »CSBAG demands set up of fiscal council to assess gov’t expenditure
Kampala, Uganda | THE INDEPENDENT | The Civil Society Budget Advocacy Group (CSBAG) has proposed the establishment of a fiscal council to oversee taxation and expenditure of public funds. According to the International Monetary Fund (IMF), the fiscal council is an independent public institution set up by the government to evaluate …
Read More »Bank of Uganda warns finance ministry over high debt levels
Kampala, Uganda | THE INDEPENDENT | The Central Bank has challenged the Ministry of Finance, Planning and Economic Development against the current high rates of borrowing, saying they are putting the country and the economy at risk. The national debt burden is currently estimated at UGX 64 trillion as of December …
Read More »Lower middle income status: The big miss in Kisanja hakuna mchezo
Kampala, Uganda | THE INDEPENDENT | At the time of the inauguration of a new cabinet in 2016, President Yoweri Museveni, who had been in power for 30 years back then, boasted that Uganda was on the cusp of achieving lowe-middle-income status This is a term used by the World Bank …
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