Ministry of Finance officials say they have spent over 100 percent of the budget but government departments are struggling to meet their obligations amidst talk that the 2015/16 budget was suppressed by 30 percent. From his office on the sixth floor of the Finance Ministry block in Kampala, Kenneth Mugambe, …
Read More »Billions borrowed from PTA bank cause jitters
From his office on the sixth floor of the Finance Ministry block in Kampala, Kenneth Mugambe, the Director Budget can look down contentedly at the Nakasero neighbourhood of the rich. The downtown poorer sections of the city are blocked from his view. Donning a stylish purple shirt and a matching …
Read More »Uganda Budget revised to Shs 26.3 trillion
Last year, the government revised the current budget from Shs 18.3 trillion to Shs 23.9 trillion citing the upcoming general elections, which it was claimed required more funding. The national budget that will be presented next month will be worth a record Shs 26.3 trillion, an increase of 9%. What …
Read More »Africa: thinking outside the box
Why leaders of poor countries are not as cruel and selfish as Western media portray them In a moment of madness, I toyed with the idea of running for president of Uganda. I had the hubris to imagine I am the guy who can solve its myriad problems because President …
Read More »Next budget faces unexpected hurdle
By Agather Atuhaire 2016 parliament election cycle tosses planning into the unknown Who will pass Uganda’s next budget? That is the question on the lips of finance policy makers since unforeseen procedures related to the new budgeting cycle in an election year started emerging. Under the old budgeting cycle, the …
Read More »Good budget
By Keith Muhakanizi The New Budget: What is in there for you? The new budget, like has been the case before, is focussing largely on infrastructure development and improving service delivery. A major accomplishment during this fiscal year 2014/15 was Parliament’s adoption of the Public Financial Management Act (PMFA) of …
Read More »Big budget. Big dreams. Big fears
By Independent Team Is Uganda headed for a debt crisis? What happens when you take a bunch of election spending reality, throw in a pinch of anticipated oil dollar excitement, and wrap it all up in some new accounting procedures? That is the question analysts of Uganda’s 2015/16 national budget …
Read More »Kiwanuka’s Shs 15 trillion budget
By Julius Businge Budget priorities expected to enhance socio-economic transformation What should a Shs 15 trillion budget focus on in a country like ours? A mini survey conducted by The Independent in Kampala on peoples’ perception about the budget found out that they were interested in seeing medicines in public …
Read More »2014/2015 budget pain
By Independent Team As Museveni’s election cash is set to flow again The forthcoming 2014/2015 budget is set to Finance Minister Maria Kiwanuka’s first election budget. She faces a common dilemma; uncontrolled public spending on elections, which requires an uncommon response; tough controls, especially on the foreign reserves. Of course, …
Read More »Kiwanuka’s budget strategy
By Haggai Matsiko & Ronald Musoke Good news: Why the minority private sector is praising it Bad News: Why the majority poor are cursing A day after Finance Minister Miria Kiwanuka presented 2013/14 FY budget, a meeting of the Private Sector Foundation of Uganda (PSFU) on June 14 praised her …
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