Tag Archives: budget

But expert opinions diverge on the suggested tax measures aimed at bolstering the government’s spending strategy Kampala, Uganda | THE INDEPENDENT | Uganda government is proposing to raise spending by 10% to Shs 58.3 trillion in the upcoming FY 2024/25 amidst concerns of budget cuts including parliament. The proposed budget presented …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards (UNBS) has failed to defend their budget item of Shs3.363 billion allocated for the general use of goods and services. In a session held on Wednesday, 20 March 2024, UNBS led by Acting Executive Director, Daniel Nangalama, presented the …

Kampala, Uganda | THE INDEPENDENT | Concerns on the increasing public debt burden continue to dominate debate and this time, Deputy Speaker, Thomas Tayebwa has directed the Committee on National Economy to make an assessment on the country’s public debt and report back to Parliament. Tayebwa made the directive during the …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development has directed government statutory bodies to prioritise their expenditures even though the constitution gives them the freedom to use their money as they wish. This comes after the recent public reactions towards the purchase of high-end new …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Budget Committee tasked the government to justify the continuous capitalization of Uganda National Airlines, following the proposal to increase the airline’s budget in the 2024/2025 financial year. The budget increase is entailed in the report of the Committee on Physical …

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 …