Tag Archives: ministry of finance

Lord Mayor Erias Lukwago has criticized the government for allocating meagre funds to KCCA Kampala, Uganda | THE INDEPENDENT | The Lord Mayor Erias Lukwago and city councilors are protesting the low budget allocation to Kampala Capital City Authority-KCCA. According to the second budget circular, the Ministry of Finance, Planning and Economic …

Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association-UBA is petitioning the Central Bank to block the proposed taxation of cash withdrawals from the bank. The proposal has drawn condemnation across sections of the public after the Ministry of Finance Planning and Economic Development wrote to the Governor of the …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has tasked the Ministry of Finance to come up with a budget towards the refurbishment of Mandela National Stadium -Namboole in the coming financial year 2021/2022. Namboole is Uganda’s only national stadium of international standard and is supervised by the Ministry of …

Kampala, Uganda | THE INDEPENDENT | A report by the Ministry of Finance, Planning and Economic Development indicates that banks gave out loans worth 2.65 trillion shillings to the private sector in the first quarter of the financial year 2020/2021. The pre-election economic and fiscal update issued by Moses Kaggwa, the …

Kampala, Uganda | THE INDEPENDENT | Government has in total allocated 1.073 trillion Shillings to various Ministries, Departments and Agencies (MDAs) involved in the implementation of election related activities in the run up to the January 2021, general election. This is according to the pre-election economic and fiscal update released by …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has hit above the revenue collections target set by the Ministry of Finance, Planning and Economic Development for the first half of the year 2020/2021. The ministry had initially told URA to collect Shs 21.6 trillion for the year, but after evaluating …

    Kampala, Uganda | Xinhua | Uganda’s economy is on a recovery trend from the downturn caused by the COVID-19 pandemic, a new report by the ministry of finance showed Wednesday. The monthly performance report for October showed that for the fourth consecutive month, the Purchasing Managers’ Index (PMI) has …

Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has tasked the Ministry of Finance to refund 800 Million Shillings to the Departed Asians Properties Custodian Board taken after the closure of the International Credit Bank (ICB). Finance Minister Matia Kasaija on …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has unveiled a 40.7 trillion Shillings budget for the financial year 2021/2022. The proposed figure is less of the current budget by 11 trillion Shillings. Parliament initially approved 45.49 trillion Shillings budget for the current financial year which started on …

Kampala, Uganda |  THE INDEPENDENT |   The Ministry of Finance is seeking to add another 390 billion Shillings to the supplementary request of 3.426 trillion Shillings currently before the Parliamentary committee. The request puts the supplementary budget at 3.853 trillion Shillings.   The first supplementary is to finance a classified budget …