Kampala, Uganda | THE INDEPENDENT | The Public-Private Partnership (PPP) Unit in the finance ministry has called for more investment in feasibility studies and public-private partnerships to ensure value for money in project development. While appearing before the Committee on Finance, Planning and Economic Development on Monday, 16 January 2023, Jim Mugunga, …
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Kampala, Uganda | THE INDEPENDENT | The government is to pay Shs2.5 trillion to the Bank of Uganda (BoU) in matured securities after its repayment was disrupted by the advent of COVID-19. The money is a domestic loan acquired by the government through the Bank of Uganda as an intermediary for individuals …
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Kampala, Uganda | THE INDEPENDENT | The Office of the Auditor General (OAG) has recommended that Parliament indulges the finance ministry to report unspent funds for each financial year. John Muwanga, the Auditor General, accompanied by his management team, were appearing before the finance committee on Tuesday, 15 November 2022, to …
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Kampala, Uganda | THE INDEPENDENT | Parliament has passed the National Local Content Bill, 2022 intended to foster promotion of local content in all but the oil, gas and petroleum sector. Among others, the bill seeks to impose local content obligations on a person using public money or utilising Uganda’s natural resources …
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Kampala, Uganda | THE INDEPENDENT | MPs have passed the Excise Duty (Amendment) Bill, 2022 scrapping taxes on sugar confectionaries, sweets, gums, and chocolates. The bill was earlier passed in March 2022 but returned to Parliament for reconsideration by President Yoweri Museveni. The Parliament Committee on Finance, Planning and Economic Development …
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Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance, Planning and Economic Development (Planning), Amos Lugoloobi, has said that government will now pay the Parish Development Model (PDM) monies in instalments due to cash flow problems. Lugoloobi was on Tuesday, August 23, 2022, appearing before the Committee on Finance …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Finance, Planning and Economic Development has met officials from Uganda Manufacturers’ Association (UMA) and Uganda Plastic Recyclers Association to negotiate a settlement over the controversial US$70 levy on plastic imports in the country. The Excise Duty (Amendment) Act 2022 had levied a 2.5 …
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Kampala, Uganda | THE INDEPENDENT | The Committee on Finance, Planning and Economic Development has thrown out a proposal by the finance ministry that grants government Ministries, Departments and Agencies (MDAs) the discretion of setting user fees for services that are considered non-tax revenues. Non-Tax Revenue (NRT) is charged against services …
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Kampala, Uganda | THE INDEPENDENT | The Chairperson of the Finance Committee, Keefa Kiwanuka has advised the Minister of Finance to re-allocate the Shs319 billion earmarked in the 2022/2023 budget for the International Specialised Hospital in Lubowa. This was during the meeting with the Ministers of Finance, led by Matia Kasaija while …
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Kampala, Uganda | THE INDEPENDENT | Parliament has approved the appointment of an auditor to audit the accounts of the Office of the Auditor General for financial years 2021/2022, 2022/2023 and 2023/2024. The Deputy Speaker, Anita Among, had tasked the Parliamentary Commission to ensure that the right and due processes are followed …
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The Independent Uganda: You get the Truth we Pay the Price