Tag Archives: budget

Washington, United States | AFP |  US congressional leaders on Monday unveiled a bipartisan deal funding government through September, with a compromise that includes President Donald Trump’s call for increased military spending but ignores his demand to fund a border wall. The agreement was struck late Sunday after weeks of …

It was a confrontational scene in parliament as MPs reacted angrily to officials from Ministry of Finance who refused to incorporate proposals and recommendations made by MPs on the budgeting process. Members of the Budget Committee led by Chairman Amos Lugoloobi lashed out at the officials who included Minister of …

COMMENT: Policy and institutional reforms are needed for Uganda’s economy to recover – CSBAG Economic growth is not a chance event although it can benefit from chance events. There must be a plan that guides deliberate actions that are derived from a coherent or logical way of thinking. The logical critical …

MPs task government to explain “loss” of tax payers’ money through incentives to specific companies as sh524 billion supplementary budget is tabled Uganda Parliament’s Budget Committee has tasked the Ministry of Finance to explain to them as soon as possible why government chose to help pay huge taxes for profit making companies. …

Washington, United States | AFP |  President Donald Trump will propose drastic cuts to America’s foreign aid and environmental programs in a security-heavy first budget blueprint to be released later Thursday. In a plan designed to translate bold campaign promises into dollar and cent commitments, the Republican leader will propose …

Washington, United States | AFP | President Donald Trump teased a budget plan Monday that includes a nearly 10 percent increase in defense spending and a “large reduction” in foreign aid. Previewing measures aimed at backing up campaign promises with dollars and cents, Trump promised a “public safety and national …

Government is taking steps in ministries and departments intended to reduce and solve the problem of increasing domestic arrears, the Minister of State for Finance David Bahati has said. One of the steps, the minister said was instituting prepaid systems for utilities. “The biggest part of domestic arrears is on …

Abuja, Nigeria | AFP | Nigeria’s President Muhammadu Buhari proposed Wednesday a multi-billion dollar jump in spending designed to lift the nation out of the “most challenging economic situation” in its history. He pitched his NGN 7.3 trillion budget ($23 billion) proposal for 2017 — a 20 percent boost over …

Uganda National Roads Authority (UNRA) needs an additional sh400 billion to adequately fund road maintenance and network operations. The current budget of sh246.9 billion is inadequate to fund all the necessary activities to keep the network in good condition and fully functional, UNRA Executive Director Allen Kagina has said. In …

Uganda Revenue Authority (URA) Commissioner General Doris Akol has revealed that revenue collections have grown by 16% this year. Revenue collected by the URA, has also helped fund about 61% of the Government Expenditure Budget. Akol made the revelations in an end-of-financial-year statement Monday, in which she hailed taxpayers of …