To borrow or not to borrow for infrastructure? Kampala, Uganda | IAN KATUSIIME | Julius Kapwepwe, the director of programmes at Uganda Debt Network, a debt monitoring NGO, Uganda’s national says, to control the country’s spiraling debt, the Ministry of Finance officials must ask themselves some questions every time they …
Read More »IN THE INDEPENDENT: Matia Kasaija’s tax burden
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Kasaija’s tax burden: How to raise money from ideas that failed THE LAST WORD Paved with good intentions: How Western interventions in African affairs, even when well intentioned, produce bad results ANALYSIS Saving …
Read More »CSOs proposals for the 2021/22 budget
Low absorption of loans has led to an increase in the cost of loans hence leading to low returns on public investments Kampala, Uganda | JULIUS BUSINGE | Increasing finance towards the social sectors will improve the livelihoods and incomes of most households as envisaged in the National Development Plan …
Read More »EAC governments need budgets of survival and recovery
2021 EAC congress of accountants exposes economic integration opportunities Kampala, Uganda | JULIUS BUSINGE | Uganda on April 14-16, hosted the third East African Congress of Accountants to deliberate about economic integration issues. The congress that attracted about 1,000 participants both online and physical, was held at a time Ugandan …
Read More »BUDGET: Finance Minister tables 12 new tax proposals
1️⃣ The Traffic and Road Safety Act (Amendment) Bill, 2021 2️⃣ The Fish (Amendment) Bill, 2021 3️⃣ Mining (Amendment) Bill, 2021 4️⃣ Tax Appeals Tribunal (Amendment) Bill, 2021 5️⃣ The Excise Duty (Amendment) Bill, 2021 6️⃣ External Trade (Amendment) Bill, 2021 7️⃣ Income Tax (Amendment) Bill 2021 8️⃣ Stamp Duty (Amendment) Bill, 2021 9️⃣ Tobacco Control (Amendment) Bill, …
Read More »Behind DGF’s suspension
How the space of the civil societies has been shrinking Kampala, Uganda | PATRICIA AKANKWATSA | On Feb, 03 the country woke up to the news that had President Yoweri Kaguta Museveni ordered the Ministry of Finance to suspend all activities of the Democratic Governance Facility (DGF) for financing subversive …
Read More »Uganda’s proposed Shs45.6bn budget concerns
Budget analysts suggests that government focuses on domestic revenue mobilisation and external borrowing to boost economy in FY2021/2022 Kampala, Uganda | JULIUS BUSINGE | Coronavirus pandemic, economy, donor support, government spending are the main factors that will determine the design, implementation and success of the new budget for FY2021/22, according …
Read More »Every MP to get Sh300 million to buy a car
Kampala, Uganda | THE INDEPENDENT | A pleasant welcome awaits the freshly elected and re-elected members of Uganda’s parliament – all 520 of them. The Minister of Finance Matia Kasaija is hunting for sh165bn to avail Parliament a budget for MPs motor vehicle allowances in the 11th Parliament. Divided by about 520 …
Read More »2020 Economy: Year of Covid-19
How coronavirus turned Uganda’s economy upside down Kampala, Uganda | JULIUS BUSINGE | 2020 has been a bad year for the economy. Growth opportunities have been hampered by the spread of COVID-19 and nationwide lockdown measures which led to closure of businesses and general decline in demand for goods. Jobs …
Read More »AfDB gives Shs 1.85bn to Ugandan SMEs targeting oil and gas deals
Ugandan micro, small and medium enterprises working within the petroleum sector have received US$ 500,000 (Shs 1.85bn) from the African Development Bank to boost their chances of partaking of the opportunities that will accrue during the construction of the East African Crude Oil Pipeline (EACOP) project. Kampala, Uganda | …
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