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Tag Archives: Matia Kasaija

Competition, political interests killing EAC integration

Kampala, Uganda | THE INDEPENDENT  |  The faltering of the East African member states is an indicator that leaders have to launch a new and comprehensive consultation for solutions that will make it work.  The observation was made by professional bodies, economic analysts and government officials in the wake of trade …

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Govts debt management strategy draws mixed reactions

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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Gov’t tables UGX 41.2 trillion budget for 2021/2022

Kampala, Uganda | THE INDEPENDENT  |  The Minister of finance Matia Kasaija has tabled a budget of 41.2 trillion shillings for the next financial year 2021/2022. The proposed budget is 4.3 trillion shillings less than last year’s budget. According to the proposed budget tabled before the parliament’s budget committee by the …

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Parliament tasks Minister Kasaija on Islamic banking

Kampala, Uganda | THE INDEPENDENT | Parliament has tasked Finance Minister Matia Kasaija to explain the delayed implementation of Islamic banking which is provided for in the Financial Institutions (Amendment) Act, 2016. Islamic banking operates in line with Sharia law that prohibits the charging of interest and speculation. During plenary, the …

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Gov’t proposes to drop OTT

Kampala, Uganda | THE INDEPENDENT | The government has proposed to abolish the payment of Over the Top Tax (OTT) under the Excise Duty (Amendment) Bill, 2021. The Bill scheduled for tabling on the floor of Parliament by the Minister of Finance Matia Kasaija also proposes the re-introduction of excise duty …

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Rationalization of MDAs ongoing – Minister Kasaija

Kampala, Uganda | THE INDEPENDENT | More than three years since the idea to rationalize government agencies, ministries and departments was mooted, the prime minister is still decrying the overlapping or duplication of roles in government. Apart from this pushing up the cost of public administration, Prime Minister Dr Ruhakana Rugunda …

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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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President was given wrong information on DGF funding – Kasaija

Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has written to President Yoweri Museveni clarifying that the information on which he based a decision for the suspension of the Democratic Governance Facility – DGF was wrong. President Yoweri Museveni had earlier on ordered the suspension of the Democratic Governance …

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