Kampala, Uganda | THE INDEPENDENT | The Civil Society Budget Advocacy Group (CSBAG) has proposed the establishment of a fiscal council to oversee taxation and expenditure of public funds.
According to the International Monetary Fund (IMF), the fiscal council is an independent public institution set up by the government to evaluate its expenditure and tax policy.
Appearing before the budget committee of parliament chaired by the Kacumbala County MP Patrick Isiagi, the Executive Director CSBAG Julius Mukunda, noted that the council if established should be tasked to ensure that all government plans are fulfilled regarding fiscal discipline.
CSBAG was presenting a statement on the charter of fiscal responsibility that is a strategy to ensure that fiscal balances and the total public debt are sustainable over the medium and long term.
However, the Butambala County MP Muwanga Kivumbi said establishing a fiscal council will be a waste of resources. He blamed parliament for not doing enough to fulfill its mandate, citing the passing of loans, new administrative units among others without scrutiny.
The committee chairperson Patrick Isiagi noted that the committee will meet all government agencies that are responsible for revenue collection for a way forward.