Tag Archives: Henry Musasizi

Kampala, Uganda | THE INDEPENDENT | The Ministry Finance, Planning and Economic Development says a total of 589 billion shillings was returned unspent to the Consolidated Fund by local governments at the end of financial year 2020/2021. The Public Finance Management Act, 2015 provides that all unspent balances from Ministries, Departments, …

Kampala, Uganda | THE INDEPENDENT | Parliament has reversed the decision by the government that required local governments to remit all their revenue to the consolidated fund. Although local governments used to collect revenue and utilize it at source, the government through the Ministry of Finance came up with a decision …

Kampala, Uganda | THE INDEPENDENT | The government spent a total of 2.854 billion Shillings on administrative costs to send COVID-19 relief cash to vulnerable Ugandans. Henry Musasizi, the State Minister for Finance revealed the figures while appearing before a joint meeting of the Public Accounts and the Local Government Committees …

Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has said that Ugandan scientists have requested for more than 248 Billion shillings for producing the Covid-19 vaccine. Kasaija was appearing before Parliament’s Covid-19 taskforce together with Henry Musasizi, the State Minister for Finance General Duties and Kenneth Mugambe, …

Kampala, Uganda | THE INDEPENDENT | Government has abandoned the proposal to impose a 200,000 shillings license on vehicles and instead introduced a 100 shillings tax per litre of fuel to raise revenue. This was revealed by Finance Minister in charge of planning David Bahati who was appearing before the finance committee …

Kampala, Uganda |  THE INDEPENDENT  |  Parliament’s finance committee has rejected the 200,000 Shillings license on cars and 50,000 Shillings for motorbikes. The Ministry of Finance has proposed the fees as part of the revenue measures to fund the 2021/2022 budget. On Tuesday, the State Minister of Finance David Bahati …

Kampala, Uganda |  THE INDEPENDENT |  The Ministry of Finance has proposed a license fee of 200,000 Shillings on all car owners as part of the revenue measures to fund the 2021/2022 budget.  State Minister of Finance David Bahati says that the move is intended to streamline the transport sector …

Kampala, Uganda | THE INDEPENDENT |  Parliament’s Finance Committee has tasked officials from Uganda Development Bank (UDB) to account for the 455 Billion Shillings which was appropriated to mitigate Covid-19 effects on businesses. This was during a meeting between UDB officials led by the Deputy Executive Director, Denis Ochieng and MPs. …

Kampala, Uganda | THE INDEPENDENT | The Central Bank does not need recapitalization in the 2021/2022 financial year according to Deputy Governor Michael Atingi-Ego. He disclosed this while appearing before the Budget Committee of parliament on Wednesday. He was appearing on the request of the committee to clarify on the Shillings …

Kampala, Uganda | THE INDEPENDENT | Henry Musasizi, the chairperson of Finance Committee of Parliament is suspicious that the government could be siphoning funds meant for the recapitalization of the Central Bank. He disclosed his suspicions during a meeting between legislators on the Budget committee, officials from the Ministry of Finance …