It is pro-growth, pro-poor; what is important is pushing for its effective implementation Kampala, Uganda | JULIUS BUSINGE | On June 13, Minister for Finance, Planning and Economic Development, Matia Kasaija, delivered the Shs40trillion National Budget for the Financial Year 2019/2020 under the theme “Industrialization for job creation and shared …
Read More »Kasaija’s budget transparency initiative
It aims at putting citizens at the centre of its formulation, implementation Kampala, Uganda | JULIUS BUSINGE | “The budget is no longer interesting to us. We no longer listen to it because it does not give information that we want as farmers. Many years ago, the minister would read …
Read More »How 2019/2020 Budget will be financed
Kampala, Uganda | THE INDEPENDENT | Government plans to collect 20.4 trillion Shillings with over 18.87 trillion coming from tax revenues in the coming financial year. Only 1.5 trillion Shillings is expected from Non-Tax Revenue (NTR) sources, so as to finance the 10.48 trillion Shilling 2019/2020 financial year budget. Uganda …
Read More »LIVE: Matia Kasaija’s Sh40 trillion budget
▶ THEME: Industrialization for Job Creation & Shared Prosperity 💠 2019 – Sh40 trillion 💠 2018 – Sh32 trillion 💠 2017 – Sh22 trillion 💠 2016 – Sh20 trillion ▶ Domestic financing 74.5 percent ▶ External Financing 25.5 Top ✅ Works-Transport Sh6.4 trillion ✅ Security 3.6 trillion ✅ Education 3.2 trillion Bottom …
Read More »Uganda secures Sh1.8 trillion grant for refugee response
Kampala, Uganda | THE INDEPENDENT | The World Bank has approved $500 million (1.8 trillion Shillings) to support Uganda’s Refugee Programme. The grant will support Refugees and Refugee host communities through development projects that will support services such as Education and Healthcare. The World Bank Vice-President for Africa, Hafez Ghanem …
Read More »Uganda’s storm in a teacup
How our MPs invented a scandal around Uganda Airlines’ shares and our chattering elites joined the chorus THE LAST WORD | ANDREW M. MWENDA | Those who can make you believe absurdities can make you commit atrocities,” Voltaire Last week, our parliamentar- ians alleged that some unscrupulous ministers had stolen …
Read More »SOUTH SUDAN: Traders ‘tired of ministry of finance’
Kampala, Uganda | THE INDEPENDENT | A section of Ugandan traders who were un paid for the supply of goods in South Sudan have demanded that their dues are settled by the Ministry of Trade, not the Ministry of Finance, where the Minister has rubbished their claims. The traders led …
Read More »Mutebile, Kasekende, Muhakanizi set to leave
MUTEBILE: What happens next? Kampala, Uganda | HAGGAI MATSIKO | Anxiety is building about what the future holds for management of Uganda’s economy as the curtain slowly comes down on three prominent figures; Bank of Uganda Governor Tumusiime Mutebile, his deputy Louis Kasekende at Bank of Uganda, Secretary to the Treasury …
Read More »KASAIJA: Islamic Banking an opportunity for Ugandans
Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija has said the zero interest system in Islamic Banking should attract a good number of Ugandan entrepreneurs. According to Kasaija, Ugandans have been reluctant to borrow from banks due to the high interest rates …
Read More »Sports betting ban
Why putting money on Kasaija not Bahati is smart Kampala, Uganda | DAVID AJUNA | On Jan.20 David Bahati, the minister of state for Finance made an announcement that has shaken the betting industry in Uganda and attracted international attention. Bahati who was speaking at an event in Rugarama, in …
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