NAIROBI, Kenya | Xinhua | The Kenyan government is reorganizing the budget following the withdrawal of the Finance Bill 2024, which sparked protests across the country in the past three weeks, President William Ruto said Thursday. Ruto, who chaired a Cabinet meeting in Nairobi, the Kenyan capital, said the National …
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Kampala, Uganda | THE INDEPENDENT | The World Bank has advised the government to focus on budget discipline this financial year if the fiscal policies are to benefit the citizens and the nation as a whole. The financial year2023/2024 was characterized not only what has been termed non-prioritized spending, but …
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Kampala, Uganda | THE INDEPENDENT | The Parliament of Uganda has been recalled from their break to reconsider the 2024/2025 financial year budget. It is the first time since the passing Budget Act and the Public Finance Act 2015 that the Parliament of Uganda reconvenes to consider a budget already …
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However, delays in project execution, limited resources, red tape in contract approvals remains big concerns Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector has welcomed the government’s decision to significantly increase the budget allocation for the mineral development and oil and gas sub-sectors but has voiced concerns over implementation. In …
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The non-governmental organisations call for strong anti-corruption measures and debt reduction Kampala, Uganda | JULIUS BUSINGE | Civil Society Organisations (CSOs), under the umbrella of the Civil Society Budget Advocacy Group (CSBAG), have identified several opportunities in Uganda’s new Shs72 trillion budget. They emphasize investments in human capital development, peace and …
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How is that even possible? COVER STORY | THE INDEPENDENT | As thousands of mainly youth have been holding protest across Kenya against new tax proposals made in the annual budget for FY 2024/25, the main question in Uganda has been: How is that even possible? Many Ugandans took to the …
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Experts share mixed views relating to fiscal discipline, tax, growing debt COVER STORY | JULIUS BUSINGE | As Finance Minister Matia Kasaija ascended the podium at Kololo Independence Grounds on June 13 to unveil the FY2024/2025 National Budget, the air was thick with anticipation. The nation waited with bated breath, eager …
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Kampala, Uganda | THE INDEPENDENT | The Finance Ministry Permanent Secretary and Secretary to Treasury Ramathan Ggoobi has outlined budget opportunities in the UGX 72Trillion Budget for the Financial Year 2024/25, urging private sector players to take advantage of them. This, he said while delivering a keynote speech during the …
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Kampala, Uganda | THE INDEPENDENT | Parents hoping for a reprieve from the ever-skyrocketing school fees in public and government-aided schools will have to wait. The government has in the past promised to increase funding to the education sector so that it gradually offers free education. While universal primary and …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has said Uganda’s mineral and agriculture sector have the potential to spur the country’s economy to match some of the top countries in Africa. “Our aim is to catapult the economy from USD 55 billion to USD 500 billion in the near …
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The Independent Uganda: You get the Truth we Pay the Price