Kampala, Uganda | THE INDEPENDENT | The Secretary to Treasury, Ramathan Ggoobi, has told MPs that the Ministry of Finance is in the process of streamlining tax incentives to ensure their effective implementation. Ggoobi was on Thursday appearing before Parliament’s Finance Committee together with the Minister of State for Planning, Amos …
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Kampala, Uganda | THE INDEPENDENT | Parliament has approved a request for government to borrow up to US$331.5 million, from the International Development Association of the World Bank Group, upon which it will obtain a grant worth US$ 276.5 million. The loan is for financing the Electricity Access Scale Up Project (EASP), …
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Kampala, Uganda | THE INDEPENDENT | Government has been urged to develop a clear equitable allocation formula for funds under the Parish Development Model (PDM) that takes into consideration different demographic, geographical and socio-economic dynamics. According to Parliament’s Committee on Public Service and Local Government, the criteria for allocation of the funds …
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Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance, Planning and Economic Development (Planning), Amos Lugoloobi, has said that government will now pay the Parish Development Model (PDM) monies in instalments due to cash flow problems. Lugoloobi was on Tuesday, August 23, 2022, appearing before the Committee on Finance …
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Kampala, Uganda | THE INDEPENDENT | Members of Parliament have expressed discontent over the prolonged delay by government to release money to the Road Fund for maintenance of roads. MPs were dismayed that even when funds are released late, they are insufficient and have left many roads dilapidated. Kitgum District Woman MP, …
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Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance, Planning and Economic Development (Planning) Amos Lugoloobi, has revealed that some parishes will in the Financial Year 2022/2023, receive more money than others under the Parish Development Model (PDM). The minister made the revelation while presenting a statement to the …
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Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance in charge of Planning, Amos Lugoloobi has asked lawmakers to conduct extensive research on the Local Content Bill arguing that in its current form, 90 per cent of the proposed law is procurement related. The Private Member’s Bill seeks to …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s first ever multidimensional poverty index report for 2021, has revealed that up to 42.1 percent of Uganda’s population lack in several socials and economic aspects of a normal human life. The survey conducted by the Uganda Bureau of Statistics, took into consideration a number of …
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Kampala, Uganda | THE INDEPENDENT | Minister of State Finance (Planning), Amos Lugoloobi has presented the budget estimates for the 2022/2023 financial year totaling Shs47.2 trillion. The Public Finance Management Act requires the Minister of Finance to present annual budget estimates by 01 April of the preceding year. In his presentation …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee on Tuesday questioned the discrepancies in figures under the National Budget Framework Paper presented by the Ministry of Finance. Officials from the Ministry of Finance led by the Minister of State for Planning, Amos Lugoloobi appeared before the committee to formally present and …
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The Independent Uganda: You get the Truth we Pay the Price