Tag Archives: David Bahati

Kampala, Uganda | THE INDEPENDENT  | Parliament’s Finance Committee has summoned the Bank of Uganda Governor Emmanuel Tumusiime Mutebile to explain the continued recapitalization of the institution. This follows a fresh request by the Ministry of Finance to recapitalize the Central Bank with Shillings 481.7 billion Shillings in the coming financial …

Kampala, Uganda | THE INDEPENDENT  | The Director Budget in the Ministry of Finance, Kenneth Mugambe says that the proposed budget for the coming financial year 2020/2021 is expected to increase once on-going project negotiations that require external financing are concluded. According to the Budget framework paper accessed by URN, government …

Kampala, Uganda | THE INDEPENDENT  | There is a bitter row between David Bahati, the State Minister of Finance for Planning and Andrew Aja Baryayanga, the Kabale Municipality Member of parliament and Ndorwa East MP, Wilfred Niwagaba over the proposed boundaries of the proposed Kabale city. Kabale municipality appeared on the …

Kampala, Uganda | THE INDEPENDENT  | The government is rejecting loans from the World Bank in favour of those from China. This is according to the National Economy Committee of Parliament. According to Syda Bbumba, the committee chairperson, while meeting officials from the World Bank recently they said that they …

Kampala, Uganda | THE INDEPENDENT  | A government move to borrow 2.4 trillion shillings from Stanbic Bank and Trade and Development Bank to plug the budget deficit, has evoked mixed feelings from economists and observers. On Thursday, State Minister for Finance David Bahati tabled a request before parliament indicating that …

Kampala, Uganda | THE INDEPENDENT  | Government has plans to borrow 2.43 trillion shillings to finance a budget shortfall realized a few months into the current financial year. According to a domestic loan request presented to Parliament on Wednedsay, government says that out of the 2.43 trillion Shillings, Euros 300 …

Kampala, Uganda | THE INDEPENDENT  | The Finance Ministry has presented a supplementary expenditure report of shillings 437.631 billion for the 2019/2020 financial year to parliament for consideration. The additional expenditures are one percent of the total national budget of UGX 40.5 trillion for the 2019/2020 financial year. The Public …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has directed the Minister of Finance to obtain an assurance from the Kenyan government on the status of Uganda’s assets. Kadaga issued the directive on Wednesday during the afternoon parliament session where MPs debated a statement presented by the …

Kampala, Uganda | THE INDEPENDENT  | Parliament has given government two weeks to return the sugar bill 2016 to the house. In 2018, Parliament passed the sugar bill 2016 excluding zoning, which would allow sugar millers to set up factories and buy cane from out growers without any restrictions. However, …

Kampala, Uganda | THE INDEPENDENT |  The Parliamentary Committee on National Economy has approved a loan request of 1.7 Trillion shillings (USD 456.37m) for the upgrade and construction of national oil roads. The loan request was presented in May this year by the Minister of State for Finance in Charge …