Tuesday , September 17 2019
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Tag Archives: CSBAG

BOU Governor Mutebile decries low private sector credit uptake

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Governor Prof. Emmanuel Tumusiime-Mutebile has said Uganda’s private sector credit remains low at 12% of country’s Gross Domestic Product, an issue that has led to slow business growth. Private sector credit challenges According to Mutebile, in most cases it’s only large corporate …

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Gov’t urged to promote good governance in NDP III

Kampala, Uganda | THE INDEPENDENT | Activists participating in drafting the third phase of the National Development Plan want the plan to promote good governance for socio-economic transformation of the country. The plan replaces the Poverty Eradication Action Plan (PEAP) which ended in 2010 to guide the country’s development programmes in …

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Why Bududa budgeted sh100 only for disaster response

Kampala, Uganda | THE INDEPENDENT | One hundred shillings sounds too small an amount but it is the amount Bududa district has in its budget for disaster preparedness. The disaster-prone district says it needs about twenty-four billion shillings but it cannot raise it locally. Bududa District Secretary For Social Services, …

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CSBAG applauds gov’t on budget transparency

Kampala, Uganda | THE INDEPENDENT | The Civil Society Budget Advocacy Group-CSBAG has applauded government’s open engagements with the public on the issues of budget accountability. Speaking at the Budget Week exhibition by government Ministries Departments and Agencies at Kololo airstrip, CSBAG Executive Director Julius Mukunda said they were proud …

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ECONOMISTS: Overshooting govt expenditure will distort planning

Kampala, Uganda | THE INDEPENDENT | Economists have warned against over running government budgets saying the move will distort government’s planning processes. Recently, the Ministry of Finance, Planning, and Economic Development (MoFPED) released the Economic Performance report for January 2019. The report revealed that government spent Shs1.286 trillion instead of …

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CSOs warn about Sh2.7 trillion tax arrears

Escalating tax arrears likely to hurt service delivery, CSOs warn Kampala, Uganda | THE INDEPENDENT |  Civil Society Organizations (CSOs) have expressed concern over the growing tax arrears worth Sh2.7 trillion which government has failed to pay on behalf of contractors. Regina Navuga, a program officer at Southern and Eastern …

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2018/19 budget proposal

Economists welcome debt repayment but decry budget cuts for social sectors Kampala, Uganda | JULIUS BUSINGE | The government is seeking to increase spending by 5% to Shs34.3 trillion in the next financial year that starts in July amidst proposed budget cuts for critical sectors including security, education, health, social development, …

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