Tuesday , January 19 2021
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Tag Archives: Finance Ministry

VIDEO: Treasury keeping billions of idle loaned money

VIDEO: Funds acquired by government remain idle in the national treasury as the tax payer continues to pay sh60 billion per month as interest on the acquired loans. The practice according to information available to the Public Accounts Committee of parliament has lasted six years. The revelations come after the Secretary …

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Is Uganda broke?

Ministry of Finance officials say they have spent over 100 percent of the budget but government departments are struggling to meet their obligations amidst talk that the 2015/16 budget was suppressed by 30 percent. From his office on the sixth floor of the Finance Ministry block in Kampala, Kenneth Mugambe, …

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