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Tag Archives: Matia Kasaija

Expect no direct financial stimulus – Kasaija

Kampala, Uganda |  THE INDEPENDENT |  The Finance Minister Matia Kasaija has said that the government does not have a provision for any fiscal stimulus for businesses that have been affected by the impacts of the COVID-19 pandemic. Several economists and players within the private sector have been calling upon the …

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Gov’t to allow companies delay payment of taxes

Kampala, Uganda | THE INDEPENDENT | Some companies will be allowed to delay payment of taxes like Pay As You Earn and corporation taxes to remain in operation. Medical items required in the fight against the virus including masks, protective goggles, body bags and sanitizers, infra-red thermometers and motorized fumigation pumps …

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Parliament approves UGX 45.5 Trillion National Budget

✅ 2020 – Sh45 trillion ✅ 2019 – Sh40 trillion ✅ 2018 – Sh32 trillion ✅ 2017 – Sh22 trillion ✅ 2016 – Sh20 trillion Kampala, Uganda | THE INDEPENDENT | Parliament has approved a 45.49 trillion Shillings Budget for the financial year 2020/2021. The estimates show an increase of …

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Finance Committee asks government to suspend new tax measures

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has been tasked to consider suspending all new tax measures for the coming financial year 2020/2021 to help Ugandans cope with the effects of coronavirus pandemic. The request was made by the Finance Committee of Parliament during an interface with Minister …

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European Union gives UGX 41bn to fight desert locusts in East Africa

Kampala, Uganda  | THE INDEPENDENT |  The European Commission has extended 10 million euros ( 41billion Shillings) to East Africa to help in the control of the desert locusts outbreaks in the region.  The EU said in a statement that the outbreak could have devastating consequences on food security in the region …

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Isimba dam: Kasaija snubs committee meeting for second time

Kampala, Uganda  | THE INDEPENDENT |  The Physical Infrastructure Committee of Parliament wants Finance Minister, Matia Kasaija referred to the Rules, Discipline and Privileges Committee for alleged failure to appear before the committee. Officials from the Ministry of Finance appeared before the Physical infrastructure committee on Tuesday. The Committee is investigating …

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Parliament directs Finance Ministry on BoU Deputy Governor position

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has directed the Minister of Finance Matia Kasaija to present a statement concerning the vacant position of Deputy Governor of the Central Bank. The directive follows the expiry of Dr Louis Kasekende’s contract on 18th January 2020. Dr …

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Uganda at high risk of debt distress-report

Kampala, Uganda  | THE INDEPENDENT |  Parliament’s Budget Committee has noted that the country’s debt servicing level is one associated with high risk of debt distress. This is carried in their report on the coming financial year 2020/2021 Budget Framework Paper totalling Shillings 39.64 trillion. The Committee Vice Chairperson Patrick Isiagi …

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Gov’t spent UGX 1.15 trillion without Parliament approval

Kampala, Uganda | THE INDEPENDENT  | The government spent 1.15 trillion Shillings without parliament approval during the Financial Year 2018/2019.  This is carried in a report of the Auditor-General for the year ended December 2019 presented to Speaker of Parliament Rebecca Kadaga. Government-approved a budget of 32 trillion Shillings for …

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