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Tag Archives: Kenneth Mugambe

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, …

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Budget committee directs minister Kasaija to fund judiciary

Kampala, Uganda | THE INDEPENDENT  |  Parliament’s Budget Committee has questioned the Minister of Finance Matia Kasaija on   the low funding to the Judiciary despite a recent directive by President Yoweri Museveni for a 800 billion Shilling budget allocation. Kasaija on Monday appeared before the Committee to present the 3.48 trillion additional …

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Hawk-eyed MPs throw out finance Minister’s supplementary request

Kampala, Uganda | THE INDEPENDENT |  For the second time in two months, members of Parliament’s Budget Committee have humiliated Finance Minister Matia Kasaija over his baffling requests for funding. Late January Kasaija’s request for sh481 billion shillings to recapitalise Bank of Uganda was thrown out and the central bank also …

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Finance officials grilled over borrowing to finance 2021 elections

Kampala, Uganda | THE INDEPENDENT | The Minister of State for Planning David Bahati together with the Finance Ministry Director Budget Kenneth Mugambe on Thursday came under criticism over the move to borrow funds to finance activities for the 2021 general elections. Minister Bahati and Mugambe had appeared before the Legal …

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Petroleum Fund exhausted – Minister Bahati

Kampala, Uganda | THE INDEPENDENT  | The government has exhausted resources in the Petroleum Fund, Parliament has learnt. This is after the Minister of State for Planning David Bahati confirmed a zero budget allocation from the fund to support the coming financial year 2020/2021 budget despite previous allocations. “There is …

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2020/2021 Financial year budget to increase after negotiations with donors

Kampala, Uganda | THE INDEPENDENT  | The Director Budget in the Ministry of Finance, Kenneth Mugambe says that the proposed budget for the coming financial year 2020/2021 is expected to increase once on-going project negotiations that require external financing are concluded. According to the Budget framework paper accessed by URN, government …

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National Plan targets must be realistic – Director budget

Kampala, Uganda | THE INDEPENDENT | Kenneth Mugambe, the director budget at the Ministry of Finance, has said some of the targets contained in Uganda’s National Development Plans (NDPs) don’t reflect the reality and fail to consider the political environment they are operating in. Mugambe, who was speaking at the United Nations …

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Gov’t bans buying of new cars next financial year

Kampala, Uganda | THE INDEPENDENT | No government agency will be allowed to purchase new cars in the 2019/20 financial year. Money initially intended for the vehicles will now be reallocated to other activities, according to Kenneth Mugambe, the Director Budget at the Ministry of Finance. Mugambe told a breakfast …

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