✅ 2020 – Sh45 trillion ✅ 2019 – Sh40 trillion ✅ 2018 – Sh32 trillion ✅ 2017 – Sh22 trillion ✅ 2016 – Sh20 trillion Kampala, Uganda | THE INDEPENDENT | Parliament has approved a 45.49 trillion Shillings Budget for the financial year 2020/2021. The estimates show an increase of …
Read More »Finance Committee asks government to suspend new tax measures
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has been tasked to consider suspending all new tax measures for the coming financial year 2020/2021 to help Ugandans cope with the effects of coronavirus pandemic. The request was made by the Finance Committee of Parliament during an interface with Minister …
Read More »Kadaga summons Finance Minister over Uganda-South Sudan traders compensation
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has summoned the Finance Minister Matia Kasaija to explain the approved compensation of Ugandan traders who made losses in South Sudan. While delivering her communication to MPs on Wednesday, Kadaga noted that she had received a complaint from …
Read More »European Union gives UGX 41bn to fight desert locusts in East Africa
Kampala, Uganda | THE INDEPENDENT | The European Commission has extended 10 million euros ( 41billion Shillings) to East Africa to help in the control of the desert locusts outbreaks in the region. The EU said in a statement that the outbreak could have devastating consequences on food security in the region …
Read More »Isimba dam: Kasaija snubs committee meeting for second time
Kampala, Uganda | THE INDEPENDENT | The Physical Infrastructure Committee of Parliament wants Finance Minister, Matia Kasaija referred to the Rules, Discipline and Privileges Committee for alleged failure to appear before the committee. Officials from the Ministry of Finance appeared before the Physical infrastructure committee on Tuesday. The Committee is investigating …
Read More »Parliament directs Finance Ministry on BoU Deputy Governor position
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has directed the Minister of Finance Matia Kasaija to present a statement concerning the vacant position of Deputy Governor of the Central Bank. The directive follows the expiry of Dr Louis Kasekende’s contract on 18th January 2020. Dr …
Read More »Uganda at high risk of debt distress-report
Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has noted that the country’s debt servicing level is one associated with high risk of debt distress. This is carried in their report on the coming financial year 2020/2021 Budget Framework Paper totalling Shillings 39.64 trillion. The Committee Vice Chairperson Patrick Isiagi …
Read More »Gov’t spent UGX 1.15 trillion without Parliament approval
Kampala, Uganda | THE INDEPENDENT | The government spent 1.15 trillion Shillings without parliament approval during the Financial Year 2018/2019. This is carried in a report of the Auditor-General for the year ended December 2019 presented to Speaker of Parliament Rebecca Kadaga. Government-approved a budget of 32 trillion Shillings for …
Read More »2020/2021 Financial year budget to increase after negotiations with donors
Kampala, Uganda | THE INDEPENDENT | The Director Budget in the Ministry of Finance, Kenneth Mugambe says that the proposed budget for the coming financial year 2020/2021 is expected to increase once on-going project negotiations that require external financing are concluded. According to the Budget framework paper accessed by URN, government …
Read More »How gov’t intends to finance UGX 39.64 trillion election year budget
Kampala, Uganda | THE INDEPENDENT | Government intends to collect Shillings 21.54 trillion in domestic revenue in the 2020/2021 financial years to finance the proposed Shillings 39.64 trillion election year budget. This is slightly lower than the Shillings 40.48 trillion, budget for this financial year. According to the Budget framework paper …
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