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 …
Read More »Kenya tax riots surprise Ugandans
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 …
Read More »Kasaija’s Shs72 trillion heavy budget
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 …
Read More »PS Ggoobi tips private sector on opportunities in Uganda budget
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 …
Read More »Did Kasaija miss free education funding in new budget?
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 …
Read More »MUSEVENI: Harnessing oil, fighting corruption key to Uganda’s economy
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 …
Read More »Kasaija has eyes on double-digit economic growth, GDP of $500 billion by 2040
Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija says the government will strive to achieve double-digit economic growth. Economic growth refers to an increase in the aggregated production and market value of economic commodities and services in an economy over a specific …
Read More »Kasaija announces sobering ‘Beer Tax’
Kampala, Uganda | THE INDEPENDENT | For many Ugandans, the thought of beer conjures warm memories, cheers with friends, or a cold drink at the end of a long day. However, they will in the next financial year dig deep into their pockets to have their favorite drink as the …
Read More »🔴 LIVE: Kasaija reads Uganda’s Shs72 trillion budget
✅FY 2024/25 is the 5th & final implementation year of NDP3. NDP4 will implement the first 5 years of the strategy for growing the economy 10-fold. ✅The economy sustained recovery from the effects of COVID-19,growing at about 6% in FY 2023/24,compared to 5.3% in FY 2022/23 & 4.6% in FY …
Read More »CSOs: Uganda’s budget process has been handled carelessly
Kampala, Uganda | THE INDEPENDENT | The civil society groups in Uganda have termed the next national budget ineffective in answering the country’s pressing needs. The Minister of Finance, Planning and Economic Development is due to present this Thursday a sh72 trillion budget, which was revised at the last minute …
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The Independent Uganda: You get the Truth we Pay the Price