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Tag Archives: Matia Kasaija

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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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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