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Tag Archives: David Bahati

Government reassures She Cranes on World Cup funding

Kampala, Uganda | THE INDEPENDENT | The national netball team will receive money for the World Cup Netball championship soon, according to the State Minister for Planning, David Bahati. The World Cup Netball championship is scheduled to take place between July 12th and 21st in Liverpool, United Kingdom. Uganda is …

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Gov’t bans buying of new cars next financial year

Kampala, Uganda | THE INDEPENDENT | No government agency will be allowed to purchase new cars in the 2019/20 financial year. Money initially intended for the vehicles will now be reallocated to other activities, according to Kenneth Mugambe, the Director Budget at the Ministry of Finance. Mugambe told a breakfast …

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MPs question inconsistencies in additional budget figures

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee on Wednesday encountered difficulties in finalizing the budget after discovering inconsistencies in figures presented by the Finance Ministry in the additional budget. Chaired by Ntenjeru North MP Amos Lugoloobi, the Budget committee convened to scrutinize the additional 929 billion shillings in allocations presented …

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Parliament defers debate on proposal to write off UGX 499Bn tax arrears

Kampala, Uganda | THE INDEPENDENT | The Deputy Speaker of Parliament Jacob Oulanyah deferred debate on the Tax Procedures Code (Amendment) Bill, 2019 on Tuesday afternoon. Through the bill, government is seeking approval from parliament to write off tax arrears amounting to Shillings 499 billion. The Finance Ministry tabled the Bill …

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Uganda Road Fund budget increased

Kampala, Uganda | THE INDEPENDENT | Parliament has increased the budget for Uganda Road Fund-URF from 36 billion shillings to 507.4 billion shillings. The decision was based on a recommendation in the physical infrastructure committee report on the need to reinstate the Fund’s budget to over 500 billion shillings as in …

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Proposal to exempt tax on aircraft insurance upsets MPs

Kampala, Uganda | THE INDEPENDENT | A move by government to exempt the supply of aircraft insurance amid efforts to revive the National Airline has upset Members of Parliament. The proposal to amend the Value Added Tax Act for this purpose was on Wednesday afternoon tabled before the Finance committee …

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Gov’t renews proposal to tax loss making businesses

Kampala, Uganda | THE INDEPENDENT | Officials from the Finance Ministry faced difficulty explaining a proposal by government to tax businesses that have been making losses for seven consecutive years. This same proposal was last year rejected by parliament. Ministry of Finance officials led by the State Minister of Finance …

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