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Tag Archives: consolidated fund

Auditor General urges Parliament action over unspent public funds

Kampala, Uganda | THE INDEPENDENT | The Office of the Auditor General (OAG) has recommended that Parliament indulges the finance ministry to report unspent funds for each financial year. John Muwanga, the Auditor General, accompanied by his management team, were appearing before the finance committee on Tuesday, 15 November 2022, to …

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Local governments urged to turn to President over financing

Kampala, Uganda | THE INDEPENDENT | The Committee on Public Service and Local Government appalled by the consistent plea for Parliament’s intervention in their financing woes, have advised the local governments to seek audience with the President. The Secretary of Local Government Finance Commission (LGFC) while appearing before the committee on Thursday, …

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Gov’t tables Shs4.7 trillion supplementary budget

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance in charge of General Duties, Henry Musasizi, has tabled the Supplementary Appropriation (No. 4) Bill, 2021 for first reading amidst concerns from the Opposition about the utilisation of the previous requests. The bill seeks to provide for supplementary appropriation …

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Minister on spot over transfer of Environmental Fund

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Natural Resources Committee have criticised the Minister of Finance, Planning and Economic Development, Matia Kasaija, for diverting the Environmental Fund from National Environmental Management Authority (NEMA) to the Consolidated Fund, saying this has crippled NEMA’s operations. MPs said the fund was …

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UGX 589 billion returned to consolidated fund in 2020/2021 financial year

Kampala, Uganda | THE INDEPENDENT | The Ministry Finance, Planning and Economic Development says a total of 589 billion shillings was returned unspent to the Consolidated Fund by local governments at the end of financial year 2020/2021. The Public Finance Management Act, 2015 provides that all unspent balances from Ministries, Departments, …

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Ignore rumor of seizing money in dormant accounts – Kasaija

Kampala, Uganda | THE INDEPENDENT | Holders of bank or mobile money accounts whose cash balances may be transferred to the Bank of Uganda or to the Consolidated Account, are free to recover it according to the laws. The National Payments Act, 2020 provides for the transfer of “idle money” or …

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Electoral reforms suggested by Opposition are costly – Bahati

  Kampala, Uganda | THE INDEPENDENT | Clauses in electoral bills presented to Parliament by Ndorwa East MP Wilfred Niwagaba attract a huge financial implication on the consolidated fund, far above what the government can provide. This is according to State Minister for Planning David Bahati, speaking in defence of the failure …

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