Tag Archives: budget

Washington, U.S. | Xinhua | The Biden administration on Monday proposed a new 20-percent minimum tax on the the wealthiest, vowing to fix the tax code to ensure corporations and wealthy people “pay their fair share.” “This minimum tax would apply only to the wealthiest 0.01 percent of households – those …

Washington, U.S. | Xinhua | The administration of U.S. President Joe Biden on Monday proposed 6.9 billion U.S. dollars in its fiscal year 2023 budget proposal, which is aimed at addressing what it views as threats stemming from the military conflict between Russia and Ukraine. “This funding will enhance the capabilities …

Kampala, Uganda | Isaac Khisa | Ugandan government has more than doubled the health sector budget since the Financial Year 2015/16 but it still remains inadequate, according to preliminary findings in a study carried out by a civil society organisation, Uganda Debt Network. The study set to be released next month …

Kampala, Uganda | THE INDEPENDENT | The Committee on Health wants Parliament to reverse its decision to trim off Shs113.14 billion from the health sector budget saying it will affect key interventions. The committee led by the chairperson Dr Charles Ayume, was on Tuesday, 25 January 2022 appearing before the Budget …

Kampala, Uganda | THE INDEPENDENT | The Economic Policy Research Center (EPRC) says the Covid-19 pandemic caused a drop in revenues, economic shutdown and new expenditure pressures which now calls for re-prioritization of national resources. According to Paul Lakuma, the Head of the Macro-Economic Unit at EPRC, a medium plan in reallocating …

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 …

Kampala, Uganda | THE INDEPENDENT | Kampala Lord Mayor Erias Lukwago has reignited demands for an increase in the annual budget allocated to Kampala Capital City Authority-KCCA to at least one per cent of the national budget. Uganda’s national budget for the current financial year is 44.7 trillion Shillings. Last year, …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority posted a revenue shortfall of 690.3 Billion Shillings in the first four months of the 2021/22 financial year with all tax-heads registering shortfalls except stamp duty. This meant that the government also had to adjust expenditure programs in line with the …

Mpigi, Uganda | THE INDEPENDENT | The political leadership of Mpigi district is protesting the 60 percent fuel cut, saying it limits their field activities to monitor service delivery to residents. The LC V chairperson Martine Ssejjemba, says that the fuel cut is meant to disincentive his office and other political …

Kampala, Uganda | THE INDEPENDENT | The Kampala Capital City Authority-KCCA council has passed a Shillings 441.79 billion budget for the financial year 2022/2023, but leaders are still unhappy about the meager allocations. The Executive Secretary for Finance and Administration, John Ssebuwufu presented the budget before the council highlighting key items …