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Tag Archives: ministry of finance

Finance ministry to rationalise tax incentives next year: Ggoobi

Kampala, Uganda | THE INDEPENDENT | The Secretary to Treasury, Ramathan Ggoobi, has told MPs that the Ministry of Finance is in the process of streamlining tax incentives to ensure their effective implementation. Ggoobi was on Thursday appearing before Parliament’s Finance Committee together with the Minister of State for Planning, Amos …

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Gov’t to borrow UGX 1.7 Trillion to finance budget

Kampala, Uganda | THE INDEPENDENT | The government is intending to borrow 1.73 trillion Shillings to finance the country’s development and infrastructure budget for the current financial year. Uganda Radio Network has learnt that the Minister of Finance, Matia Kasaija has already submitted to Parliament a formal request to borrow money …

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GGOOBI: Government is not broke

Kampala, Uganda | THE INDEPENDENT | The government withheld substantial amounts of funds which were supposed to be released in the first quarter of the financial year 2022/2023, as a way of controlling the count of money in circulation, according to the Ministry of Finance, Planning and Economic Development. This fiscal …

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PAC recommends audit on finance ministry over health monies

Kampala, Uganda | THE INDEPENDENT | Parliament’s Public Accounts Committee (PAC), Central Government has recommended a forensic audit into the Ministry of Finance, Planning and Economic Development (MoFPED) over release of excess funds to health facilities. This was contained in the committee’s report in the report of the Auditor General of the …

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Gov’t to table UGX 300Bn supplementary budget for food production

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economics Development is preparing to table a supplementary budget of up to Shillings 300 billion to fund the extensive food growth project with the aim of fighting food insecurity in the country. As a means of eradicating food insecurity, …

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Parliament questions finance minister on budget cuts

Kampala, Uganda | THE INDEPENDENT | Parliament has tasked the Minister of Finance to explain the budget cuts to different government entities that were effected in the first quarter release for the current financial year. During the plenary on Wednesday, a matter of national importance was raised by James Kaberuka, the Kinkizi …

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Ministers fail to appear to present strategy to curb fuel crisis

Kampala, Uganda | THE INDEPENDENT | Two Ministers of Finance and Energy failed to show up to a scheduled committee meeting that sought answers on the government’s strategy to curb the escalating fuel prices. The committee on Government Assurance and Implementation led by Vice-chairperson, Joseph Ssewungu had called the ministers but none …

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Gov’t to sack accounting officers over delayed projects, arrears

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning, and Economic Development will extend the penalties given to accounting officers to cover all forms of underperformance. Earlier this month, the Permanent Secretary Ramathan Ggoobi dismissed more than 100 accounting officers, mostly local government officials, after they failed to beat the …

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UGX 800M budget shortfall impeded UDC’s valuation of Roko

Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Finance committee have learned that Uganda Development Corporation-UDC’s move to carry out a valuation of Roko Construction Limited was unsuccessful after failing to access an 800 million Shillings budget from the Ministry of Finance. Patrick Birungi, the UDC Executive Director …

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PAC queries excess gratuity sent to regional referral hospitals

Kampala, Uganda | THE INDEPENDENT | Parliament’s Public Accounts Committee (PAC)-Central Government is investigating the excess funds that were released by the Ministry of Finance to regional referral hospitals for gratuity in the last financial year. The matter stems from the June 2021 audit report in which Auditor General John Muwanga …

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