Kampala, Uganda | THE INDEPENDENT | The Central Bank has challenged the Ministry of Finance, Planning and Economic Development against the current high rates of borrowing, saying they are putting the country and the economy at risk. The national debt burden is currently estimated at UGX 64 trillion as of December …
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Kampala, Uganda | THE INDEPENDENT | At the time of the inauguration of a new cabinet in 2016, President Yoweri Museveni, who had been in power for 30 years back then, boasted that Uganda was on the cusp of achieving lowe-middle-income status This is a term used by the World Bank …
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Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has unveiled a new Medium-Term Debt Management Strategy (MTDS), aimed at ensuring value for money from the loans that are being borrowed for the next financial year. The plan specifies how the government plans to structure its debt portfolio in the …
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Kampala, Uganda | THE INDEPENDENT | Julius Businge | For the first time in many years, Uganda’s national budget will increase by a paltry Shs164bn in FY2021/22, meaning government will not spend a lot on delivering services to the population. According to the Budget Framework Paper (BFP) for FY2021/22, the total …
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Kampala, Uganda | THE INDEPENDENT | The 11th parliament to be inaugurated in May 2021 is set to be the largest in Uganda’s history and so will be the cost to the taxpayer, unless drastic measures are taken to cut the expenses. The number of MPs will have grown from 457 …
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Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation and Civil Society Organisations have welcomed the budget saying it reflects Uganda’s current situation and looks at reviving vital sectors. On Thursday, the Minister for Finance Matia Kasaija passed 45 trillion shillings budget for the 2020/2012 financial year. Dr Elly …
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Kampala, Uganda | THE INDEPENDENT | Members of Civil Society Organizations (CSOs) attending a virtual meeting on health financing on Monday highlighted the need for having a separate tax to finance health emergencies without straining the health system. They said though the government has over the years put up taxes …
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Kampala, Uganda | THE INDEPENDENT | Economists have cautioned the government against taking loans to stimulate the economy in the course of COVID-19 lockdown. They say that relying on loans is a bad idea that could leave Uganda in more trouble. The caution comes amid a scramble by African countries …
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Kampala, Uganda | THE INDEPENDENT | International NGO AMREF Health Africa is warning people against unnecessary expenditure and stopping capital expenditure in addition to asset investments saying the disruption caused by the outbreak of coronavirus across the globe will take months before lives get back to normal. Dr Githinji Gitahi, …
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Kampala, Uganda | THE INDEPENDENT | The Civil Society Budget Advisory Group-CSBAG is calling upon the government to reallocate part of the quarter four (Q4) funds for the 2019/2020 financial year to cover COVID-19 response plans. According to CSBAG, over 200 billion Shillings which were allocated for luxurious activities like …
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The Independent Uganda: You get the Truth we Pay the Price
