Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance, Planning and Economic Development (General Duties), Henry Musasizi, has given legislators assurance that medical intern doctors and senior medical staff in government health facilities will be paid within two weeks. “It is true that the House handled the issue …
Read More »Parliament passes Income Tax Amendment Bill 2021
Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Income Tax (Amendment) (No. 2) Bill, 2021 which provides for windfall tax and limitations of deductions on petroleum operations. The bill, presented by Minister of State for Finance (General Duties), Henry Musasizi, was passed during plenary sitting on Tuesday, 14 December …
Read More »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 »Decision for local gov’ts to remit funds to consolidated fund reversed
Kampala, Uganda | THE INDEPENDENT | Parliament has reversed the decision by the government that required local governments to remit all their revenue to the consolidated fund. Although local governments used to collect revenue and utilize it at source, the government through the Ministry of Finance came up with a decision …
Read More »Gov’t spent UGX 2.85Bn to send Covid relief cash to vulnerable Ugandans
Kampala, Uganda | THE INDEPENDENT | The government spent a total of 2.854 billion Shillings on administrative costs to send COVID-19 relief cash to vulnerable Ugandans. Henry Musasizi, the State Minister for Finance revealed the figures while appearing before a joint meeting of the Public Accounts and the Local Government Committees …
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 …
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The Independent Uganda: You get the Truth we Pay the Price