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Tag Archives: budget

Committee on National Economy to assess country’s debt

Kampala, Uganda | THE INDEPENDENT | Concerns on the increasing public debt burden continue to dominate debate and this time, Deputy Speaker, Thomas Tayebwa has directed the Committee on National Economy to make an assessment on the country’s public debt and report back to Parliament. Tayebwa made the directive during the …

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PS Ggoobi blocks Shs 3.5 trillion supplementary budget

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development has directed government statutory bodies to prioritise their expenditures even though the constitution gives them the freedom to use their money as they wish. This comes after the recent public reactions towards the purchase of high-end new …

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MPs demand justification to increase Uganda Airlines budget

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Budget Committee tasked the government to justify the continuous capitalization of Uganda National Airlines, following the proposal to increase the airline’s budget in the 2024/2025 financial year. The budget increase is entailed in the report of the Committee on Physical …

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COSASE tasks URA on Shs60 billion failed procurements

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has come under intense scrutiny from the lawmakers on the Parliament’s Committee on Commissions, Statutory Authorities, and State Enterprises (COSASE) for its failure to utilise Shs60 billion as planned. The demand for answers arose during the ongoing probe into …

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How Govt spent extra Shs1.4Trillion in May

Kampala, Uganda | THE INDEPENDENT | The government spent more money than it had planned in May 2023 despite the continued complaints of unfulfilled obligations especially on salaries and wages. The total planned expenditure for the month was Shillings 2.985 trillion, but it ended up spending Shillings 3.5 trillion as priorities …

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FY2023/24 Budget: Taxes on digital services exposes gap between policy aspirations and implementation

Government to slap taxes on online services without a plan for device uptake Kampala, Uganda | JULIUS BUSINGE | Finance Minister, Matia Kasaija’s decision to impose a value-added tax on digital services without creating an enabling environment for the population to access internet-enabled devices such as smartphones reveals a disconnect between …

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