Kampala, Uganda | THE INDEPENDENT | Government has tabled two loan requests totaling Shillings 1.42 trillion to finance the rehabilitation of Kampala city roads among other things. David Bahati, the Minister of State for Planning today tabled the loan requests before Parliament. These include a proposal to borrow US Dollars …
Read More »Finance Ministry accused of frustrating budget process
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament has expressed disappointment with the conduct of the Ministry of Finance for failing to present the additional figures to the financial year 2020/2021 National Budget. Kadaga made the statement on Tuesday after she indicated that the Ministry needed space on the …
Read More »Parliament maintains position on taxing loss making businesses
Kampala, Uganda | THE INDEPENDENT | Parliament has for the third consecutive year rejected a government proposal to tax businesses making losses in the coming financial year 2020/2021. This was during a debate on Thursday in which MPs approved the Income Tax (Amendment) Bill, 2020 in a plenary session chaired by …
Read More »Tourism earnings drop by half – Minister Bahati
Kampala, Uganda | THE INDEPENDENT | The Minister of State for Planning David Bahati says the country’s tourism sector earnings will drop to US Dollars 700 million in the current financial year 2019/2020. Bahari says the drop will be 39 percent compared to the previous financial year. Uganda’s Tourism sector …
Read More »Budget Committee disagrees with gov’t on sector allocations
Kampala, Uganda | THE INDEPENDENT | The Budget Committee of Parliament has clashed with the Minister of State for Planning David Bahati over what they described as unrealistic budget allocations to the Health and Agriculture sectors. Bahati was appearing before the committee to present revised budget estimates for the coming …
Read More »Gov’t to borrow UGX 1.7 Trillion to mitigate effects of COVID -19
Kampala, Uganda | THE INDEPENDENT | The Finance Ministry has tabled a proposal to borrow 1.7 trillion shillings , (449.8) million dollars to mitigate the effect of the coronavirus (COVID -19) pandemic which has slowed down the economy. The proposal was presented today during plenary by the Minister of Finance …
Read More »Govt tables UGX 200Bn supplementary budget request
Kampala, Uganda | THE INDEPENDENT | Government has tabled a supplementary budget request of Shillings 201 billion in parliamentary approval. The money is meant to fund wage shortfalls under various central and local government votes. David Bahati, the Minister of State for Planning tabled the request before parliament. A huge …
Read More »Do not defraud tax payers over students in China
Kampala, Uganda | THE INDEPENDENT | Legislators have warned government to resist the temptation of using the plight of Ugandan students quarantined in Wuhan, China over coronavirus, to defraud tax payers. The concern was raised by Ayivu County MP, Bernard Atiku, who claimed that the Ministry of Finance had sent …
Read More »Education, finance ministries failed to coordinate transfer of money to students in China- Bahati
Kampala, Uganda | THE INDEPENDENT | Government has blamed the erroneous transfer of 2.2 billion shillings to students in China to lack of coordination between the Ministry of Finance, and that of Education. In a letter dated March 10, 2020, addressed to the Ugandan Embassy in Beijing, China, the Ministry of …
Read More »Govt, Speaker inject UGX 13 M in UPPA SACCO
Kampala, Uganda | THE INDEPENDENT | The Uganda Parliamentary Press Association-UPPA SACCO has received a boost of Shillings 13 million. The Micro Finance State Minister, Haruna Kasolo and the Speaker of Parliament handed over a dummy Cheque of Shillings 10 million and Shillings 3 million in cash respectively during the launch …
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