Tag Archives: National Economy committee

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the National Economy Committee have proposed a visit to the construction site of the Uganda-DRC road project. Parliament recently passed expenditure of 200 Billion Shillings for constructing the 223 kilometres road connecting Uganda to DRC. Uganda signed a bilateral agreement with …

Kampala, Uganda | THE INDEPENDENT | The National Economy committee of Parliament is investigating circumstances under which the Ministry of Finance failed to reconcile money amounting to 666 billion Shillings for the month of March 2020. According to a presentation by Parliament’s Budget Office to the National Economy Committee, up to …

Nakaseke, Uganda | THE INDEPENDENT | The National Economy Committee of Parliament has raised concern over the management and credibility issues at Bank of Uganda in light of a fresh loan request of USD 491 million. The International Monetary Fund loan will see the Bank of Uganda (BoU) take US …

Kampala, Uganda | THE INDEPENDENT  | Government has plans to borrow 2.43 trillion shillings to finance a budget shortfall realized a few months into the current financial year. According to a domestic loan request presented to Parliament on Wednedsay, government says that out of the 2.43 trillion Shillings, Euros 300 …

Kampala, Uganda | THE INDEPENDENT |  The Parliamentary Committee on National Economy has approved a loan request of 1.7 Trillion shillings (USD 456.37m) for the upgrade and construction of national oil roads. The loan request was presented in May this year by the Minister of State for Finance in Charge …

Kampala, Uganda | THE INDEPENDENT | The chairperson of the National Economy committee of Parliament Syda Bbumba has called for an audit of the Lubowa-Based International Specialized Hospital of Uganda. Bbumba made the call while meeting State Minister for Finance David Bahati on the state of the USD 379 million-facility being …

Kampala, Uganda | THE INDEPENDENT | The National Economy committee of Parliament has asked the government to scale down debt contracting to only projects that have high economic and financial returns, and target cheaper concessional loans to finance investments. According to the committee, as the country’s external debt position faces …