KAMPALA, UGANDA | Julius Businge | In a high-level convergence of business, diplomacy, and strategic vision, Uganda Airlines hosted the Uganda–UK Trade and Business Forum at the Sheraton Kampala Hotel on April 16. The event marks a defining moment in Uganda’s aviation and economic landscape as the national carrier prepares …
Read More »Shs19.79 trillion released for 4th Quarter of 2024/25 Financial Year
KAMPALA, GANDA | THE INDEPENDENT | The government has released 19.79 trillion Shillings for the fourth quarter (April to June) of the 2024/25 Financial Year. This allocation represents 25.64 percent of the 77.196 trillion Shillings revised national budget. According to Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury …
Read More »Uganda reduces debt costs as cheap loan sources disappear
Kampala, Uganda | THE INDEPENDENT | Uganda has managed to reduce the level of spending on loans in terms of the percentage of the Gross Domestic Product (GDP) through restructuring debt and the growth of the economy. Total interest payments as a share of GDP decreased to 3.5 percent at the …
Read More »Finance Ministry raises red flag on deliberate poor budgeting habits
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development has warned Accounting Officers of dire consequences for habits of deliberate poor budgeting. The warning was issued by the Permanent Secretary and Secretary to the Treasury-PSST in the Ministry of Finance, Ramathan Ggoobi, who accuses some accounting …
Read More »Ugandan CEOs urged to lead sustainably for a better future
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 …
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