It was a confrontational scene in parliament as MPs reacted angrily to officials from Ministry of Finance who refused to incorporate proposals and recommendations made by MPs on the budgeting process. Members of the Budget Committee led by Chairman Amos Lugoloobi lashed out at the officials who included Minister of …
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Experts tell Museveni, Mutebile, Muhakanizi President Yoweri Museveni’s unchecked spending and the Ministry of Finance and Bank of Uganda efforts to clean have created a lope-sided economy that is hurting everyone. That is the view of several economists interviewed by The Independent. Dr. Lawrence Bategeka, formerly a researcher at the …
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World Bank shows the way for Uganda to get more from every shilling it invests The World Bank (WB) on June 6 unveiled its 7th Economic Update on Uganda at a ceremony in Kampala. The update, which is a bi-annual assessment of the state of the country’s economy, analyses the …
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From his office on the sixth floor of the Finance Ministry block in Kampala, Kenneth Mugambe, the Director Budget can look down contentedly at the Nakasero neighbourhood of the rich. The downtown poorer sections of the city are blocked from his view. Donning a stylish purple shirt and a matching …
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Last year, the government revised the current budget from Shs 18.3 trillion to Shs 23.9 trillion citing the upcoming general elections, which it was claimed required more funding. The national budget that will be presented next month will be worth a record Shs 26.3 trillion, an increase of 9%. What …
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The Independent Uganda: You get the Truth we Pay the Price