KAMPALA, Uganda | Xinhua | Uganda’s Finance Minister Matia Kasaija on Thursday said the East African country’s economy will grow by 7 percent in the fiscal year (FY) 2024/2025, which will start on July 1. The growth will be driven through increased oil and gas activities, growth in exports, increase …
Read More »Inside the proposed 2023/24 National Budget
What the CSOs want on matters debt, public expenditure, women, food & tourism Kampala, Uganda | JULIUS BUSINGE | Civil Society Organisations under their umbrella body, the Civil Society Budget Advocacy Group (CSBAG) are urging the government to design a budget that is responsive to public debt, public expenditure, climate change, …
Read More »Under funding of local gov’ts undermining decentralization policy – Experts
Kampala, Uganda | THE INDEPENDENT | Experts have called for more decentralization of the management of national resources to make sure that they are spent at the lowest levels of government as much as possible. Much as Uganda operates a decentralized system of government, the central government accounts for most of …
Read More »National budget increased to UGX 44.7 trillion
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has further increased the budget for the financial year 2021/2022 from the initial 41.3 Trillion Shillings to 44.7 Trillion Shillings. According to the Ministry of Finance, the increase is due to an additional 500 Billion Shillings for the purchase of COVID-19 vaccines …
Read More »Why national budget was reduced to UGX 41.3 trillion
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 …
Read More »New budget could ‘fail’ Museveni’s campaign promises
Kampala, Uganda | THE INDEPENDENT | Julius Businge | For the first time in many years, Uganda’s national budget will increase by a paltry Shs164bn in FY2021/22, meaning government will not spend a lot on delivering services to the population. According to the Budget Framework Paper (BFP) for FY2021/22, the total …
Read More »Uganda to spend UGX 7 trillion on loans
Kampala, Uganda | THE INDEPENDENT | The Government plans to spend 1.826 Trillion Shillings on repayments of external debt next financial year, up from 1.12 trillion Shillings in the current year. The increase is attributed to an increase in non-concessional financing. Non-concessional loans usually carry commercial interest rates which are …
Read More »Archbishop Kaziimba calls for church inclusion in national budget
Kampala, Uganda | THE INDEPENDENT | The Archbishop of the Church of Uganda, the Most Rev Dr Stephen Kaziimba Mugalu has observed a need for the inclusion of the church development activities in the national budget. Kaziimba made the statement during a service at his home in Namirembe today …
Read More »Parliament approves UGX 45.5 Trillion National Budget
✅ 2020 – Sh45 trillion ✅ 2019 – Sh40 trillion ✅ 2018 – Sh32 trillion ✅ 2017 – Sh22 trillion ✅ 2016 – Sh20 trillion Kampala, Uganda | THE INDEPENDENT | Parliament has approved a 45.49 trillion Shillings Budget for the financial year 2020/2021. The estimates show an increase of …
Read More »Budget Committee recommends re-allocation of UGX 402.5Bn
Kampala, Uganda | THE INDEPENDENT | Parliament’s budget committee has recommended reallocation of 2020/2021 financial year budget to other key programs. This is highlighted in the Budget Committee report presented to Parliament by the Committee Chairperson Amos Lugoloobi. In the report, the committee made adjustments to the proposed 45.48 trillion …
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