Tag Archives: Matia Kasaija

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has explained why the budget has been reduced by 4.3 trillion shillings for the 2021/2022 financial year. Although last year’s financial year budget was 45.5 trillion shillings and the projections for the financial year, 2021/22 was at 45.66 …

Kampala, Uganda | THE INDEPENDENT | Uganda’s security budget will increase for the next three years according to the Ministry of Finance. This is already reflected in the 41.3 trillion shillings budget, the government has tabled for the financial year 2021/2022 in which governance and security takes a lion share of 7.7 …

Kampala, Uganda | THE INDEPENDENT  |  The faltering of the East African member states is an indicator that leaders have to launch a new and comprehensive consultation for solutions that will make it work.  The observation was made by professional bodies, economic analysts and government officials in the wake of trade …

  Masaka, Uganda | THE INDEPENDENT  | The government has been advised to explore the possibility of taxing online advertising and content promoters instead of imposing a tax on internet data bundles. Early this month, Finance Minister Matia Kasaija announced twelve new measures through which the government intends to increase its revenue …

Kampala, Uganda | THE INDEPENDENT  |  The Ministry of Finance has unveiled a new Medium-Term Debt Management Strategy (MTDS), aimed at ensuring value for money from the loans that are being borrowed for the next financial year.  The plan specifies how the government plans to structure its debt portfolio in the …

Kampala, Uganda | THE INDEPENDENT  |  The Minister of finance Matia Kasaija has tabled a budget of 41.2 trillion shillings for the next financial year 2021/2022. The proposed budget is 4.3 trillion shillings less than last year’s budget. According to the proposed budget tabled before the parliament’s budget committee by the …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Local Government has opposed the proposal by the Ministry of Finance directing newly created administrative units to use their locally generated revenue for operations. The government created over 360 sub-counties and 350 town councils across the country but many have remained non-functional …

Kampala, Uganda | THE INDEPENDENT | Parliament has tasked Finance Minister Matia Kasaija to explain the delayed implementation of Islamic banking which is provided for in the Financial Institutions (Amendment) Act, 2016. Islamic banking operates in line with Sharia law that prohibits the charging of interest and speculation. During plenary, the …

Kampala, Uganda | THE INDEPENDENT | The government has proposed to abolish the payment of Over the Top Tax (OTT) under the Excise Duty (Amendment) Bill, 2021. The Bill scheduled for tabling on the floor of Parliament by the Minister of Finance Matia Kasaija also proposes the re-introduction of excise duty …

Kampala, Uganda | THE INDEPENDENT | More than three years since the idea to rationalize government agencies, ministries and departments was mooted, the prime minister is still decrying the overlapping or duplication of roles in government. Apart from this pushing up the cost of public administration, Prime Minister Dr Ruhakana Rugunda …