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Tag Archives: budget

MUBS officials fail to account for UGX 9.9 billion extra expenses

Kampala, Uganda | THE INDEPENDENT | The management of Makerere University Business School-MUBS has failed to explain the source of 9.9 billion shillings that was spent over and above the institutions’ allocated budget. The University officials had appeared before Parliaments Public Accounts Committee yesterday to respond to queries raised by the …

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AU slashes Pan African Parliament budget by USD 4m

Kampala, Uganda | THE INDEPENDENT | The African Union (AU) has slashed the Pan African Parliament (PAP) budget for the 2020 financial year by US Dollars 4 million. Although the PAP had requested and passed a budget of US Dollars 20.79 million during its May 2019 plenary sitting in South …

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Nigeria’s Buhari unveils record $33.8 billion budget

Abuja, Nigeria | AFP |  Nigerian President Muhammadu Buhari on Tuesday unveiled a record budget plan to lawmakers, ramping up ambitious spending goals for his second term in charge. The draft budget increased more than 13 percent from last year at 10.33 trillion naira — around $33.8 billion (30.8 billion …

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KASAIJA: We are stuck with 300 newly created sub-counties

  Kampala, Uganda | THE INDEPENDENT | Government is stuck with newly created administrative units across the country. “Government is currently stuck with about 300 newly created sub-counties and 200 Town Councils over lack of money to fund their operations,” Finance Minister Matia Kasaija revealed recently. He made the remarks during …

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Mubende hospital director pinned over UGX 777m expenditure

Kampala, Uganda | THE INDEPENDENT |  Parliament’s Public Accounts Committee (PAC) has faulted the Mubende Regional Referral Hospital Director, Alex Andema over a 777.8 million Shillings wrongly expenditure on a stalled building.  Andema and other hospital officials on Tuesday appeared before the committee chaired by Budadiri West MP Nathan Nandala Mafabi …

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CEOs take on the new budget

They see opportunities for business, economy in FY2019/2020 Kampala, Uganda | JULIUS BUSINGE | Conversations on the recently read new budget are gaining momentum amongst key players like chief executive officers of corporate firms. The executives, from key sectors of banking, manufacturing, industry, information technology, agriculture, trade are believed to …

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How 2019/2020 Budget will be financed

Kampala, Uganda | THE INDEPENDENT | Government plans to collect 20.4 trillion Shillings with over 18.87 trillion coming from tax revenues in the coming financial year. Only 1.5 trillion Shillings is expected from Non-Tax Revenue (NTR) sources, so as to finance the 10.48 trillion Shilling 2019/2020 financial year budget. Uganda …

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