Kampala, Uganda | THE INDEPENDENT | Parliament has approved up to 5.4 trillion Shillings loan to finance the budget deficit for the current financial year 2020/2021. This followed the adoption of Parliament’s National Economy Committee report in a plenary session chaired by Speaker of Parliament Rebecca Kadaga. The approved funds are …
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Kampala, Uganda | THE INDEPENDENT | The Central Bank has rejected the Government’s plan to borrow up to 4.3 trillion Shillings from the domestic market to fund the supplementary budget expenditure of 6.5 trillion Shillings. The matter came up when officials from BoU, the Private Sector Foundation and Uganda Bankers Association …
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Kampala, Uganda | THE INDEPENDENT | The private business community has cast doubt over the viability of government policies aimed at supporting the economy during and after the COVID-19 pandemic. These include tax deferments, and financial packages. In the 2020/2021 budget, the Ministry of Finance, Planning and Economic Development provided more …
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Kampala, Uganda | THE INDEPENDENT | The government has failed to disburse external debts amounting to 18 trillion shillings. This is according to the report of the Parliamentary Committee on National Economy. According to the Vice Chairperson of the committee Lawrence Bategeka, although loan disbursement performance has been improving over time, …
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By Julius Businge Lawrence Bategeka, the acting principle at the Economic Policy Research Centre (EPRC) at Makerere University has urged government to force Ugandans to participate in productive ventures, if poverty levels are to reduce. Bategeka says the move will also see economic growth in a positive direction. Uganda’s economy …
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By Julius Businge Lawrence Bategeka, the acting principle and research fellow at the Economic Policy Research Centre at Makerere University has urged all players of the economy not to repeat the wrongs committed in the past year so we can have a better 2013. Bategeka told The Independent in an …
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