Kampala, Uganda | THE INDEPENDENT | The Minister of Health Dr. Jane Ruth Aceng and her counterpart, Henry Musasizi, the State Minister for Finance in charge of General Duties have disagreed in Parliament over factors occasioning stock out of essential drug supplies in hospitals. During plenary sitting on Wednesday, Dr. Aceng presented …
Read More »NSSF savings are secure: Musasizi
Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance (General Duties), Henry Musasizi has affirmed that savings in the National Social Security Fund (NSSF) are safe. Musasizi made this assurance as he appeared before the Committee on Finance alongside the Minister for Gender Labour and Social Development, Betty Amongi, and …
Read More »Budget Committee queries gov’t priorities for next financial year
Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has questioned Finance Ministry officials on the set priorities for next financial year without increase in the budget allocations. This was during the Monday meeting in which Henry Musasizi, the Minister of State for Finance presented the budget estimates for the coming financial …
Read More »Finance ministry to investigate delayed salary payments
Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance (General Duties), Henry Musasizi has said investigations into non-payment of December salaries for civil servants will be carried out. He said that while the ministry released the wage component for the last quarter, they continue to get factual complaints …
Read More »Opposition maintains concern on economy, demands answers
Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Anita Among, has proposed a meeting between the Leader of the Opposition (LoP), Mathias Mpuuga, and Finance State Minister (Privatisation and Investment) Evelyn Anite, after an unsatisfactory response to the LoP’s concerns on government’s failure to meet its financial obligations. In a …
Read More »Parliament approves Shs1.7 trillion loan request
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 …
Read More »MPs press gov’t for details on Shs1.7 trillion loan disbursement plans
Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on National Economy has asked Finance State Minister, Henry Musasizi for details on the actual intended disbursements of the loan before they can give their nod of approval. Shadow Finance Minister, Muhammad Kivumbi objected asking for details of the disbursement, a request he said …
Read More »Gov’t seeks to borrow Shs3.5 trillion to finance budget
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 …
Read More »Gov’t reviewing hybrid procurement method
Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance in charge of General Duties, Henry Musasizi has said that the government is reviewing the hybrid procurement method amidst criticisms from local governments. On Monday, a section of local government leaders in Northern Uganda faulted the procurement method arguing it is …
Read More »Uganda’s fiscal deficit is worrying: Minister Musasizi
Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance in charge of General Duties, Henry Musasizi has raised concerns over the country’s high fiscal deficit saying it’s worrying. Parliament in May this year passed a budget of 48.1 trillion shillings for the financial year 2022/23. However, out of the total …
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