Tag Archives: budget

Priority on human development, security, energy, transport COVER STORY | ISAAC KHISA | Finance Minister, Matia Kasaija, on June 15 hit several optimistic notes for next Financial Year when announcing a Shs52.7 trillion budget. That is a 10% jump from the Shs48 trillion last financial year and the biggest rise in …

Why government’s biggest problem is not the size of its debt but its cost of borrowing THE LAST WORD | Andrew M. Mwenda | Uganda’s 2023/24 budget, like all previous ones in the last few years, has generated a lot of controversy about the role of public debt in our national life. Growths …

Kampala, Uganda | THE INDEPENDENT | Finance Minister Kasaija is delivering the  budget speech for FY 2023/24 at a Parliament Session at Kololo. President Yoweri Museveni is following the proceedings on TV and is expected to address the session virtually. Kasaija said the economy this year is projected to have grown …

Kampala, Uganda | THE INDEPENDENT | Civil society organisations in Uganda have warned that the 2023/24 national budget will not be achieved and neither does it respond to the current needs of the country. The parliament has approved a budget worth 52 trillion Shillings, which is bigger than the outgoing …

Experts speak on 2023/24 allocations, taxes, borrowing COVER STORY | ISAAC KHISA | The government’s plan to spend more money next financial year which it hopes mainly to borrow because it cannot raise it otherwise, has led to accusations that “it is playing politics with the budget”. “Our government should not …

Kampala, Uganda | THE INDEPENDENT |  Parliament has passed the 2023/2024 National Budget after a marathon sitting on Thursday, 18 May 2023 chaired by Speaker Anita Among that commenced at 8 a.m. Whereas the Shs52.7 trillion looks big on paper, actually, Shs21.4 trillion is set aside for statutory expenditure, which …

Kampala, Uganda | THE INDEPENDENT | Parliament has given the green light for a supplementary request of Shs4.4 trillion to cover additional expenses in the 2021/2022 fiscal year. On 10 May, the finance ministry presented a Supplementary Appropriation Bill to Parliament, seeking an extra Shs4.4 trillion to address unforeseen expenses …

Kampala, Uganda | THE INDEPENDENT | The government’s amendment to the proposed budget for the financial year 2023/2024, indicates an increase in the resource envelope from 50.9 trillion to 51.9 trillion Shillings. Henry Musasizi, the Minister of State for Finance- General Duties tabled the document on Wednesday during the plenary …

Kampala, Uganda | THE INDEPENDENT |  Deputy Speaker, Thomas Tayebwa, has deferred decision making on the Supplementary Expenditure Schedule 1 of Financial Year 2021/22, following a deadlock. The Opposition vehemently rejected the Shs2.59 trillion supplementary expenditure, with Shadow Finance Minister Muhammad Kivumbi terming it an attempt by the Ministry of …

Soroti, Uganda | THE INDEPENDENT | Soroti district has presented a budget of UGX. 29.3 billion for the financial year 2023/2024. The new budget estimates are less than the current financial year budget of UGX. 30.1 billion. In the proposed budget estimates for the next financial year, central government is expected …