Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Anita Among has said that the Minister of Finance will not fund the travel budget of Parliament in the next financial year. Among told MPs on Wednesday and accused the Ministry of Finance of trying to stifle the operations of …
Read More »Gov’t tables Shs4.7 trillion supplementary budget
Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance in charge of General Duties, Henry Musasizi, has tabled the Supplementary Appropriation (No. 4) Bill, 2021 for first reading amidst concerns from the Opposition about the utilisation of the previous requests. The bill seeks to provide for supplementary appropriation …
Read More »MPs put finance ministry officials to task over fuel prices
Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance Committee have questioned officials from the Ministry of Finance, Planning, and Economic Development over the skyrocketing fuel prices across the country. Fuel prices have been rising sharply since early last year but since the beginning of this month, they have …
Read More »Gov’t withdraws UGX386Bn loan request for oil roads
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has withdrawn from parliament a loan proposal of 386 Billion Shillings that was meant to finance the upgrading of oil roads in the Albertine graben. The roads include the 54-kilometre Masindi-Biiso road, 25 kilometres of Hohwa-Nyairongo-Kyarushesha-Butole road, and 25.7 kilometres of …
Read More »Gov’t tables UGX43Trillion national budget framework
Kampala, Uganda | THE INDEPENDENT | The government has tabled before parliament the national budget framework paper totaling 43 trillion Shillings for the coming financial year 2022/2023. The document was tabled before the Tuesday afternoon sitting by the Minister of State for Finance-General Duties, Henry Musasizi. Speaker Jacob Oulanyah referred the …
Read More »Gov’t commits to pay salaries of medical interns
Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance, Planning and Economic Development (General Duties), Henry Musasizi, has given legislators assurance that medical intern doctors and senior medical staff in government health facilities will be paid within two weeks. “It is true that the House handled the issue …
Read More »Parliament passes Income Tax Amendment Bill 2021
Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Income Tax (Amendment) (No. 2) Bill, 2021 which provides for windfall tax and limitations of deductions on petroleum operations. The bill, presented by Minister of State for Finance (General Duties), Henry Musasizi, was passed during plenary sitting on Tuesday, 14 December …
Read More »Finance seeks Shs3.8 trillion supplementary budget
Kampala, Uganda | THE INDEPENDENT | MPs on the Committee on Budget are scrutinising a Shs3.8 trillion supplementary budget with Shs1.3 trillion already spent as being within the limit allowed by the Public Finance Management Act. Section 25(1) of the Public Finance Management Act allows accounting officers, subject to the approval of …
Read More »Gov’t tables Income Tax Amendment Bill
Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance, Henry Musasizi has tabled before Parliament the Income Tax (Amendment) (No.2) Bill, 2021. The Bill seeks to provide for the limitation of deductions on petroleum operations. Musasizi tabled the Bill during the plenary sitting on Tuesday chaired by Speaker …
Read More »Finance ministry: We have adequate funds for midterm access
Kampala, Uganda | THE INDEPENDENT | There are adequate funds under the National Social Security Fund (NSSF) to pay midterm access, the Finance State Minister in Charge of Planning, Henry Musasizi has revealed. Appearing before the Gender Committee of Parliament that is considering the issue of midterm access, the minister noted …
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