Tag Archives: ministry of finance

#UGBUDGET20 Sh45.5 trillion Cuts on travel, conferences Security Sh4.5 trillion Works Sh5.8 trillion Govt to borrow Sh11trillion 2020 – Sh45 trillion 2019 – Sh40 trillion 2018 – Sh32 trillion 2017 – Sh22 trillion 2016 – Sh20 trillion Kampala, Uganda | …

Kampala, Uganda | THE INDEPENDENT | President Museveni has rejected a loan of 1.4 trillion shillings ($400m) accusing the Ministry of Finance of lack of seriousness. This is part of the 3.5 trillion Shillings request that the Minister of Finance Matia Kasaija sought in January. Of this, 596 billion Shillings …

Kampala, Uganda | THE INDEPENDENT | An American company, RippleNami Inc has been contracted to help in the collection of rental tax in Uganda. The company will identify properties, their owners and link them to the URA tax identification number system according to the Ministry of Finance. In a statement, …

Gulu, Uganda | THE INDEPENDENT | Gulu district local government is yet to receive the 165 million Shillings COVID-19 funding money allocated to each district by the Ministry of Finance. The ministry released the money to districts in April to intensify the campaign against the COVID-19 pandemic. The funding was …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has resolved to approve a supplementary request totaling 10 billion Shillings for Uganda Industrial Research Institute (UIRI) pending an onsite visit at the entity’s Namanve premises on Friday. This was during an interface with Ministry of Finance officials led by the …

Kampala, Uganda | THE INDEPENDENT | The joint committee that is scrutinizing the National Social Security Fund- NSSF Amendment Bill has failed to reach consensus on the government ministry which should supervise the Fund. The Bill seeks to among others, expand social security coverage and benefits through enforcing mandatory contributions for …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economy started feeling the hit from the coronavirus (COVID-19) as early as February before the lockdown, a report has revealed. According to the Ministry of Finance, March 2020 performance of the economy report states by start of February, external demand for the country’s …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament has expressed disappointment with the conduct of the Ministry of Finance for failing to present the additional figures to the financial year 2020/2021 National Budget. Kadaga made the statement on Tuesday after she indicated that the Ministry needed space on the …

Wakiso, Uganda |  THE INDEPENDENT |  Wakiso COVID-19 task force has protested the disbursement of 165 million shillings to districts for the fight against COVID.  The district taskforce which held an emergency meeting at the district headquarters on Monday argues that the funds are inadequate.  Matia Lwanga Bwanika, the LCV Chairperson, …

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 …