Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economics Development is preparing to table a supplementary budget of up to Shillings 300 billion to fund the extensive food growth project with the aim of fighting food insecurity in the country. As a means of eradicating food insecurity, …
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Kampala, Uganda | THE INDEPENDENT | Parliament has tasked the Minister of Finance to explain the budget cuts to different government entities that were effected in the first quarter release for the current financial year. During the plenary on Wednesday, a matter of national importance was raised by James Kaberuka, the Kinkizi …
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Kampala, Uganda | THE INDEPENDENT | Two Ministers of Finance and Energy failed to show up to a scheduled committee meeting that sought answers on the government’s strategy to curb the escalating fuel prices. The committee on Government Assurance and Implementation led by Vice-chairperson, Joseph Ssewungu had called the ministers but none …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development will extend the penalties given to accounting officers to cover all forms of underperformance. Earlier this month, the Permanent Secretary Ramathan Ggoobi dismissed more than 100 accounting officers, mostly local government officials, after they failed to beat the …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance committee have learned that Uganda Development Corporation-UDC’s move to carry out a valuation of Roko Construction Limited was unsuccessful after failing to access an 800 million Shillings budget from the Ministry of Finance. Patrick Birungi, the UDC Executive Director …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Public Accounts Committee (PAC)-Central Government is investigating the excess funds that were released by the Ministry of Finance to regional referral hospitals for gratuity in the last financial year. The matter stems from the June 2021 audit report in which Auditor General John Muwanga …
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Kampala, Uganda | THE INDEPENDENT | Chinese doing business in Uganda have today engaged the Uganda Revenue Authority (URA) seeking clarification on several tax administration concerns, most notably how to get tax exemptions. In the meeting with URA officials, the business community under the Chinese Chamber of Commerce, Uganda SINOCHAM …
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Kampala, Uganda | THE INDEPENDENT | Legislators have passed a motion urging government to develop a document that will be comprehensive on the taxation policy. At a plenary sitting chaired by the Deputy Speaker, Thomas Tayebwa, on Thursday 05 May 2022, the Buyamba County MP, Gyaviira Ssemwanga, was concerned that the …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance says the budget for the financial year 2022/2023 will mainly focus on addressing health and economic challenges presented by the COVID-19 global pandemic, among other key issues. Presenting a statement to the Budget Committee on Wednesday, 27 April 2022, the Minister of …
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Kampala, Uganda | THE INDEPENDENT | An expert study has recommended that the Uganda Revenue Authority be transformed into a statutory agency with more powers on the policies that govern tax administration. Currently, the URA lies under the direct supervision of the Ministry of Finance, Planning and Economic Development, which is …
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