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Tag Archives: Matia Kasaija

Uganda’s economy projected to grow by 3.1% – Kasaija

Kampala, Uganda | THE INDEPENDENT | The Uganda economy is projected to grow by 3.1 percent this financial year, according to the Ministry of Finance, Planning and Economic Development. Before the outbreak of COVID-19, the government had projected the economy to grow by 6.3 percent, but this was disrupted when Uganda and …

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Finance ministry allays fear of new USD 900 million IMF loan

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has said the new $900 million (about 3.1 trilling Shilling) loan government plans to borrow from the International Monetary Fund -IMF will not cause a substantial increase of Uganda’s rising public debt. Responding to questions at Uganda Media …

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IMF says Uganda has requested for yet another loan

Kampala, Uganda | THE INDEPENDENT |  The Washington based International Monetary Fund (IMF) has revealed Uganda government approached it for another loan and discussions are progressing well. The IMF spokesperson Gerry Rice yesterday revealed that Uganda requested for a three-year loan arrangement. The loan could be in the range of $900 …

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MPs want affirmative action funds seperated from parish model program

Kampala, Uganda | THE INDEPENDENT |  Parliament has yet again deferred the proposal by the government to introduce a Parish development model that seeks to empower Ugandans economically in the 10,594 parishes.  The model is a strategy being fronted by the Government in the next financial year for organizing and delivering public …

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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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Gov’t allocates 200 million to each MP for a vehicle

Kampala, Uganda | THE INDEPENDENT | Government has revised downwards the budget for procurement of new vehicles for Members of the 11th Parliament by Shillings 121 million for each legislator. This brings the allocation to Shillings 200 million from the initially requested 321 million per MP by the Parliamentary Commission as per …

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Why national budget was reduced to UGX 41.3 trillion

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has explained why the budget has been reduced by 4.3 trillion shillings for the 2021/2022 financial year. Although last year’s financial year budget was 45.5 trillion shillings and the projections for the financial year, 2021/22 was at 45.66 …

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Gov’t increases security budget for next 3 years

Kampala, Uganda | THE INDEPENDENT | Uganda’s security budget will increase for the next three years according to the Ministry of Finance. This is already reflected in the 41.3 trillion shillings budget, the government has tabled for the financial year 2021/2022 in which governance and security takes a lion share of 7.7 …

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