Kampala, Uganda | THE INDEPENDENT | Parliament has passed the 2023/2024 National Budget after a marathon sitting on Thursday, 18 May 2023 chaired by Speaker Anita Among that commenced at 8 a.m. Whereas the Shs52.7 trillion looks big on paper, actually, Shs21.4 trillion is set aside for statutory expenditure, which …
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Kampala, Uganda | THE INDEPENDENT | Parliament has given the green light for a supplementary request of Shs4.4 trillion to cover additional expenses in the 2021/2022 fiscal year. On 10 May, the finance ministry presented a Supplementary Appropriation Bill to Parliament, seeking an extra Shs4.4 trillion to address unforeseen expenses …
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Kampala, Uganda | THE INDEPENDENT | The government’s amendment to the proposed budget for the financial year 2023/2024, indicates an increase in the resource envelope from 50.9 trillion to 51.9 trillion Shillings. Henry Musasizi, the Minister of State for Finance- General Duties tabled the document on Wednesday during the plenary …
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Kampala, Uganda | THE INDEPENDENT | Deputy Speaker, Thomas Tayebwa, has deferred decision making on the Supplementary Expenditure Schedule 1 of Financial Year 2021/22, following a deadlock. The Opposition vehemently rejected the Shs2.59 trillion supplementary expenditure, with Shadow Finance Minister Muhammad Kivumbi terming it an attempt by the Ministry of …
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Soroti, Uganda | THE INDEPENDENT | Soroti district has presented a budget of UGX. 29.3 billion for the financial year 2023/2024. The new budget estimates are less than the current financial year budget of UGX. 30.1 billion. In the proposed budget estimates for the next financial year, central government is expected …
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Kampala, Uganda | THE INDEPENDENT | The Leader of Opposition in Parliament, Mathias Mpuuga has unveiled the opposition’s alternative national budget for the next financial year 2023/2024. The 49 Trillion Shillings budget under the theme; Rethinking Uganda’s Economy: A Human Rights Approach to Resource Allocation was delivered on Friday In his …
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Nairobi, Kenya | Xinhua | Kenya’s National Treasury said Wednesday that it intends to issue syndicated bonds in local currency in the financial year 2023/2024 as it explores new ways to raise money to finance the country’s 3.6 trillion shillings (about 28.56 billion U.S. dollars) budget. The Treasury said in its …
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Kampala, Uganda | THE INDEPENDENT | The government of Uganda has proposed a raft of measures aimed at improving public expenditure next year, but also to reduce reliance on external support, raising questions as to how half of the budget will be financed. The budget process for 2023/24 which climaxes in June …
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Geneva, Switzerland | Xinhua | FIFA announced Wednesday an increased budget of over two billion U.S. dollars in the 2023-2026 cycle for its FIFA Forward program. The FIFA Forward 3.0 Program, laid out by FIFA president Gianni Infantino in January, will provide 2.25 billion U.S. dollars to develop the sport worldwide, the …
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Kampala, Uganda | THE INDEPENDENT | The Minister of Gender, Labour and Social Development, Betty Amongi, has rejected a claim by the board chairperson of the National Social Security Fund (NSSF) that she irregularly requested for Shs6 billion. On Thursday, 02 February 2023, a day after Peter Kimbowa’s allegation before the select …
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