Kampala, | THE INDEPENDENT | Leaders of Ugandan corporate entities have been urged to take bold steps in leadership, to guide their organisations towards sustainable success. This call was made to Ugandan CEOs and top managers attending the 15 th Annual CEO Forum, which was held today at Mestil Hotel …
Read More »GGOOBI: Ugandan economy back on track, DRC reparation continues
Kampala, Uganda | THE INDEPENDENT | Secretary to the Treasury Ramathan Ggoobi has said Uganda’s economy is back on track, and indications are of even stronger growth in the coming years. He said this as he announced today that government has released Sh5.899 trillion, representing 21.3% of the discretionary budget, …
Read More »Without traders taxes, the economy is dead
That’s why Museveni can’t save them from URA COVER STORY | THE INDEPENDENT | “Tax has a negative multiplier to the economy, more so in economies such as ours where the tax system is regressive and accountability is very poor. It has long been proven by economists that people’s incomes, business …
Read More »Government pumps Shs4.8tn into the economy
PSST Ramathan Ggoobi wants timely execution of government programmes Kampala, Uganda | JULIUS BUSINGE | Uganda’s Ministry of Finance Planning and Economic Development on July.18 released funds for the first quarter of FY2023/24 totalling Shs 4.8 trillion to meet the government expenditures. This represents 9% of the Shs 52.7 trillion …
Read More »New structures for rationalised MDAs takes effect next month
Kampala, Uganda | THE INDEPENDENT | The implementation roadmap of the rationalization program for 69 government institutions ends this month, with the new approved structures taking effect on July 1 with the new financial year. The Permanent Secretary at the Ministry of Finance, Planning and Economic Development, Ramathan Ggoobi said that …
Read More »Why gov’t 8 year initiatives failed to reduce poverty: Report
Kampala, Uganda | THE INDEPENDENT | Government initiatives put in place over the last 10 years to reduce poverty or create wealth have had mixed returns either due to mismanagement or under-funding, according to a new report on Uganda’s poverty levels. The 2021 Poverty Status Report examines poverty trends and dynamics …
Read More »‘Public servants payroll under audit’
Kampala, Uganda | THE INDEPENDENT | In a bid to rectify the recurrent challenges in remittances of pensions, gratuity and salaries of public servants, the Ministry of Finance, Planning and Economic Development (MoFPED) has instituted an audit into the payroll. This revelation was made by the Permanent Secretary and Secretary to …
Read More »Budget Committee queries gov’t priorities for next financial year
Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has questioned Finance Ministry officials on the set priorities for next financial year without increase in the budget allocations. This was during the Monday meeting in which Henry Musasizi, the Minister of State for Finance presented the budget estimates for the coming financial …
Read More »IMF approves UGX 800 Billion financing to Uganda
Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has reached an agreement with the Ugandan government for a release of about 240 million US Dollars (873.8 billion Shillings) in financing to the country. The agreement which is subject to approval by the IMF Board, is part of the …
Read More »Finance ministry to rationalise tax incentives next year: Ggoobi
Kampala, Uganda | THE INDEPENDENT | The Secretary to Treasury, Ramathan Ggoobi, has told MPs that the Ministry of Finance is in the process of streamlining tax incentives to ensure their effective implementation. Ggoobi was on Thursday appearing before Parliament’s Finance Committee together with the Minister of State for Planning, Amos …
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