Tag Archives: budget

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has launched the 2024/2025 national budget process, with the aim of growing the economy by at least 6 percent during the year and 7 percent in the medium term. The Theme for the next budget remains …

Why each vote could cost Shs 50,000 COVER STORY | RONALD MUSOKE | There is growing concern over the ever-rising cost of holding general elections in the country. For example, an election expert told The Independent recently that whereas the average cost of conducting elections globally is about US$ 5 per …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has come under intense scrutiny from the lawmakers on the Parliament’s Committee on Commissions, Statutory Authorities, and State Enterprises (COSASE) for its failure to utilise Shs60 billion as planned. The demand for answers arose during the ongoing probe into …

Kampala, Uganda | THE INDEPENDENT | The government spent more money than it had planned in May 2023 despite the continued complaints of unfulfilled obligations especially on salaries and wages. The total planned expenditure for the month was Shillings 2.985 trillion, but it ended up spending Shillings 3.5 trillion as priorities …

Government to slap taxes on online services without a plan for device uptake Kampala, Uganda | JULIUS BUSINGE | Finance Minister, Matia Kasaija’s decision to impose a value-added tax on digital services without creating an enabling environment for the population to access internet-enabled devices such as smartphones reveals a disconnect between …

Priority on human development, security, energy, transport COVER STORY | ISAAC KHISA | Finance Minister, Matia Kasaija, on June 15 hit several optimistic notes for next Financial Year when announcing a Shs52.7 trillion budget. That is a 10% jump from the Shs48 trillion last financial year and the biggest rise in …

Why government’s biggest problem is not the size of its debt but its cost of borrowing THE LAST WORD | Andrew M. Mwenda | Uganda’s 2023/24 budget, like all previous ones in the last few years, has generated a lot of controversy about the role of public debt in our national life. Growths …

Kampala, Uganda | THE INDEPENDENT | Finance Minister Kasaija is delivering the  budget speech for FY 2023/24 at a Parliament Session at Kololo. President Yoweri Museveni is following the proceedings on TV and is expected to address the session virtually. Kasaija said the economy this year is projected to have grown …

Kampala, Uganda | THE INDEPENDENT | Civil society organisations in Uganda have warned that the 2023/24 national budget will not be achieved and neither does it respond to the current needs of the country. The parliament has approved a budget worth 52 trillion Shillings, which is bigger than the outgoing …

Experts speak on 2023/24 allocations, taxes, borrowing COVER STORY | ISAAC KHISA | The government’s plan to spend more money next financial year which it hopes mainly to borrow because it cannot raise it otherwise, has led to accusations that “it is playing politics with the budget”. “Our government should not …