Saturday , December 4 2021
Home / Tag Archives: Henry Musasizi

Tag Archives: Henry Musasizi

Finance seeks Shs3.8 trillion supplementary budget

Kampala, Uganda | THE INDEPENDENT | MPs on the Committee on Budget are scrutinising a Shs3.8 trillion supplementary budget with Shs1.3 trillion already spent as being within the limit allowed by the Public Finance Management Act. Section 25(1) of the Public Finance Management Act allows accounting officers, subject to the approval of …

Read More »

Gov’t tables Income Tax Amendment Bill

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance, Henry Musasizi has tabled before Parliament the Income Tax (Amendment) (No.2) Bill, 2021. The Bill seeks to provide for the limitation of deductions on petroleum operations. Musasizi tabled the Bill during the plenary sitting on Tuesday chaired by Speaker …

Read More »

Finance ministry: We have adequate funds for midterm access

Kampala, Uganda | THE INDEPENDENT | There are adequate funds under the National Social Security Fund (NSSF) to pay midterm access, the Finance State Minister in Charge of Planning, Henry Musasizi has revealed. Appearing before the Gender Committee of Parliament that is considering the issue of midterm access, the minister noted …

Read More »

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, …

Read More »

Scientists seek UGX 248Bn to produce Covid-19 vaccine

Kampala, Uganda | THE INDEPENDENT | The Minister of Finance Matia Kasaija has said that Ugandan scientists have requested for more than 248 Billion shillings for producing the Covid-19 vaccine. Kasaija was appearing before Parliament’s Covid-19 taskforce together with Henry Musasizi, the State Minister for Finance General Duties and Kenneth Mugambe, …

Read More »

Gov’t introduces 100 shillings tax on fuel

Kampala, Uganda | THE INDEPENDENT | Government has abandoned the proposal to impose a 200,000 shillings license on vehicles and instead introduced a 100 shillings tax per litre of fuel to raise revenue. This was revealed by Finance Minister in charge of planning David Bahati who was appearing before the finance committee …

Read More »

Finance committee rejects UGX 200,000 annual car license

Kampala, Uganda |  THE INDEPENDENT  |  Parliament’s finance committee has rejected the 200,000 Shillings license on cars and 50,000 Shillings for motorbikes. The Ministry of Finance has proposed the fees as part of the revenue measures to fund the 2021/2022 budget. On Tuesday, the State Minister of Finance David Bahati …

Read More »

Ugandans to pay UGX 200,000 annually for car license

Kampala, Uganda |  THE INDEPENDENT |  The Ministry of Finance has proposed a license fee of 200,000 Shillings on all car owners as part of the revenue measures to fund the 2021/2022 budget.  State Minister of Finance David Bahati says that the move is intended to streamline the transport sector …

Read More »