Tag Archives: budget

Kampala, Uganda | THE INDEPENDENT | Government has tabled before Parliament a proposed 49.9 trillion Shillings National Budget for the coming financial year 2023/2024. This indicates a slight increase of 1.85 trillion from the 48.13 trillion approved budget for the current financial year 2022/2023. The figures are contained in the National …

Kampala, Uganda | THE INDEPENDENT | MPs have unanimously approved a US$140 million loan to finance the Uganda Digital Acceleration Project (UDAP), and ring-fenced it to the implementing agency, National Information Technology Authority-Uganda. In a rare show of unanimity untypical of loan requests, the Opposition’s only rider has been having the money …

Masaka, Uganda | THE INDEPENDENT | Leaders in parishes that were annexed to Masaka city are concerned by the slow pace of integration into the new urban local government. In July 2020, the former Masaka Municipal Council expanded its boundaries and annexed parishes from the neighboring districts of Kalungu and Lwengo, …

Kampala, Uganda | THE INDEPENDENT | The spike in domestic borrowing by the government has increased the discomfort in the private sector, as commercial banks also raise their interest rates. Commercial banks have been announcing new prime lending rates over the last three months, attributing their decisions on ‘current business environment’ …

Kampala, Uganda | THE INDEPENDENT | The Deputy Attorney General, Jackson Kafuuzi, has been directed to prepare a statutory instrument intended extend the time of office of the Women Councils. “There is a political vacuum and we need this to be resolved. Can we have that document by next Tuesday?” Speaker …

Kampala, Uganda | THE INDEPENDENT | Members of Parliament have approved a request by the government to borrow $464 million (about Shs1.7 trillion) to finance infrastructure and development needs of the budget despite objection from the opposition, who say the loan terms are unfair. Referred to Parliament’s Committee on National Economy …

Kampala, Uganda | THE INDEPENDENT | The Finance State Minister, Henry Musasizi has asked Members of Parliament to approve up to Shs3.5 trillion to finance the Shs48.1 trillion budget. The first loan request which is up to US$464 million translating to about Shs1.7 trillion, is to be sourced from the Standard …

Kampala, Uganda | THE INDEPENDENT | The government is intending to borrow 1.73 trillion Shillings to finance the country’s development and infrastructure budget for the current financial year. Uganda Radio Network has learnt that the Minister of Finance, Matia Kasaija has already submitted to Parliament a formal request to borrow money …

Kassanda, Uganda | THE INDEPENDENT | Kassanda district council on Tuesday approved a supplementary budget of 305 million Shillings for the fight against Ebola. The budget was passed and approved at a special council sitting chaired by Speaker Godfrey Katumba. The money will be used for surveillance, response to alerts, awareness …

London, UK | Xinhua | Liz Truss, prime minister of the United Kingdom (UK), on Wednesday defied calls to resign after almost all the measures in her government’s economic blueprint had been scrapped following market turmoil. Responding to a question from the opposition Labour leader Keir Starmer on why she should …