Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija says the government will strive to achieve double-digit economic growth. Economic growth refers to an increase in the aggregated production and market value of economic commodities and services in an economy over a specific …
Read More »Kasaija announces sobering ‘Beer Tax’
Kampala, Uganda | THE INDEPENDENT | For many Ugandans, the thought of beer conjures warm memories, cheers with friends, or a cold drink at the end of a long day. However, they will in the next financial year dig deep into their pockets to have their favorite drink as the …
Read More »FULL SPEECH: The 2024-25 Uganda budget
Excise duty ✅ Increase excise duty on petrol by Shs 100 per litre. ✅ Increase excise duty on diesel by Shs 100 per litre. ✅ Increase excise duty on imported wines from 80 percent or Shs 8,000 per litre to 100 percent or Shs 10,000 whichever is higher Winners ✅ …
Read More »🔴 LIVE: Kasaija reads Uganda’s Shs72 trillion budget
✅FY 2024/25 is the 5th & final implementation year of NDP3. NDP4 will implement the first 5 years of the strategy for growing the economy 10-fold. ✅The economy sustained recovery from the effects of COVID-19,growing at about 6% in FY 2023/24,compared to 5.3% in FY 2022/23 & 4.6% in FY …
Read More »Uganda and Korea sign Shs2 trillion loan framework deal
Seoul, South Korea | THE INDEPENDENT | Uganda and the Republic of Korea signed a $500 million (Shs1.9 trillion) loan Framework Agreement, marking a significant boost to bilateral relations and economic cooperation. The signing ceremony, coinciding with the conclusion of the First Korea-Africa Summit, took place at the Korean Ministry …
Read More »Kasaija roots for financial literacy programmes in government programs
The government is committed to investing in the population through various vehicles including the Parish Development Model Kampala, Uganda | THE INDEPENDENT | Uganda’s government, in collaboration with development partners, has long focused on wealth creation initiatives among the population. However, Finance Minister Matia Kasaija believes these efforts can achieve significantly …
Read More »BUDGET MONTH: Kasaija faces questions ahead of sh72 trillion budget
Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development will today launch the National Budget Month 2024/2025, to give the context around the 72 trillion budget for next year. The Budget Month events are part of the ministry’s compliance with the Public Finance Management Act …
Read More »Failure to meet revenue, expenditure targets worries Kasaija
Kampala, Uganda | THE INDEPENDENT | This Ministry of Finance, Planning, and Economic Development has issued a fresh warning on government performance next financial year, citing the increased financial risks. This, the Fiscal Risk Statement warns, is likely to reverse the recent economic gains and disrupt the external debt reduction plans …
Read More »Oil and Gas is a Matter of ‘Life and Death’-Kasaija
Kampala, Uganda | THE INDEPENDENT | Matia Kasaija, the Minister of Finance, Planning, and Economic Development has underscored the importance of Uganda’s oil and gas exploration, emphasizing an unwavering commitment to the project’s seamless progression. During a visit to the Kingfisher Development Area (KFDA) in Buhuka village, Kyangwali sub-county in Kikuube district …
Read More »Kasaija to URA: Save me from borrowing
Kampala, Uganda | THE INDEPENDENT | The Minister for Finance and Economic Development, Matia Kasaija, has appealed to the Uganda Revenue Authority (URA) to devise effective tax collection strategies to bolster the country’s economy. His primary aim is to reduce the nation’s dependence on debt, a situation that has become …
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