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Tag Archives: ministry of finance

Ugandans urged to remain calm as crises drive up commodity prices

Kampala, Uganda | THE INDEPENDENT | Multiple international crises are pushing up commodity prices in Uganda, causing discomfort among the public, the ministry of finance has said. Finance minister Matia Kasaija, in a recent statement, said prices of essential goods and services like laundry soap, wheat flour, cooking oil, education and …

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Deputy speaker protests budget cuts on MPs travel budget

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Anita Among has said that the Minister of Finance will not fund the travel budget of Parliament in the next financial year. Among told MPs on Wednesday and accused the Ministry of Finance of trying to stifle the operations of …

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Gov’t to track progress of post Covid-19 interventions

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has proposed establishing a mechanism to track the beneficiaries of interventions that helped Uganda recover from the effects of Covid-19. Among the initiatives that were put in place by the government include the Emyooga program, small recovery fund, SACCO money through the …

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URA halts withholding tax on petroleum products transporters

Kampala, Uganda | THE INDEPENDENT | Oil marketing companies in Uganda have petitioned the Ministry of Finance to intervene in a tax dispute with Uganda Revenue Authority. Recently, URA wrote to the companies demanding that they remit 15 per cent withholding tax on all foreign transport payments incurred over the years …

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Finance ministry, MPs disagree on budget estimates

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee on Tuesday questioned the discrepancies in figures under the National Budget Framework Paper presented by the Ministry of Finance. Officials from the Ministry of Finance led by the Minister of State for Planning, Amos Lugoloobi appeared before the committee to formally present and …

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MPs urge gov’t to refill oil reserves to curb fuel prices

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have quizzed officials from the Ministry of Finance, Planning and Economic Development over the skyrocketing fuel prices in the country. The MPs on the Committee of Finance believe that the ongoing fuel crisis would have been averted if the county’s oil reserves were …

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MPs put finance ministry officials to task over fuel prices

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have questioned officials from the Ministry of Finance, Planning, and Economic Development over the skyrocketing fuel prices across the country. Fuel prices have been rising sharply since early last year but since the beginning of this month, they have …

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Can tough talking Ggoobi jumpstart new economic era?

Kampala, Uganda | THE INDEPENDENT | As the government begins to peg its development agenda on the lower administrative units, it has noted challenges it has to deal with to avoid a repeat of past failures. These challenges include clashes with communities or landlords over land that the government targets for …

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Uganda’s public debt rises to UGX 73 Trillion

Kampala, Uganda | THE INDEPENDENT | Uganda’s public debt has risen to 73.8 trillion shillings (about 20.8 billion US dollars), according to provisional figures at the Bank of Uganda up to the month of October 2021. By the end of June 2021, the Ministry of Finance, Planning, and Economic Development reported …

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