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Tag Archives: budget deficit

UBTEB has Shs13.1 billion funding gap – Oyesigye

  Kampala, Uganda | THE INDEPENDENT | The Uganda Business and Technical Education Board (UBTEB), has reported a budget deficit due to government failure to fully finance their 2021/2022 Financial year budget. While briefing the Parliamentary Committee on Education and Sports about the board challenges, the UBTEB Executive Secretary Onesmus Oyesigye, …

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Gov’t seeks to borrow UGX 6 trillion to finance budget deficit

Kampala, Uganda | THE INDEPENDENT | Government has tabled before parliament another request to borrow up to 6.2 trillion Shillings to finance the budget deficit for the current financial year 2020/2021. State Minister for Planning David Bahati who tabled the request said that of this, a total of 4 trillion …

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Gov’t move to borrow extra UGX 2.4 Trillion stirs mixed reactions

Kampala, Uganda | THE INDEPENDENT  | A government move to borrow 2.4 trillion shillings from Stanbic Bank and Trade and Development Bank to plug the budget deficit, has evoked mixed feelings from economists and observers. On Thursday, State Minister for Finance David Bahati tabled a request before parliament indicating that …

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