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Tag Archives: Matia Kasaija

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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Parliament raises red flag over directive to suspend DGF activities

Kampala, Uganda |  THE INDEPENDENT  |  Members of Parliament have questioned President Yoweri Museveni’s directive to the Ministry of Finance to suspend activities of the Democratic Governance Facility (DGF) in the country over alleged subversion of government activities. DGF is the single biggest donor basket established by Development Partners to provide …

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I opposed revival of national airline- Minister Kasaija

  Kampala, Uganda |  THE INDEPENDENT | The Minister for Finance, Matia Kasaija has said that he had initially opposed the idea of reviving the National Airline.  According to Kasaija, when the idea was fronted in the cabinet he and other ministers were of the view that the government should slow down …

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No need for recapitalization of BoU – Deputy Governor

Kampala, Uganda | THE INDEPENDENT | The Central Bank does not need recapitalization in the 2021/2022 financial year according to Deputy Governor Michael Atingi-Ego. He disclosed this while appearing before the Budget Committee of parliament on Wednesday. He was appearing on the request of the committee to clarify on the Shillings …

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