Tag Archives: ministry of finance

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority posted a revenue shortfall of 690.3 Billion Shillings in the first four months of the 2021/22 financial year with all tax-heads registering shortfalls except stamp duty. This meant that the government also had to adjust expenditure programs in line with the …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has withdrawn from parliament a loan proposal of 386 Billion Shillings that was meant to finance the upgrading of oil roads in the Albertine graben. The roads include the 54-kilometre Masindi-Biiso road, 25 kilometres of Hohwa-Nyairongo-Kyarushesha-Butole road, and 25.7 kilometres of …

Kampala, Uganda | THE INDEPENDENT | Government in the month of November registered a revenue shortfall of 52.18 billion Shillings against its target for the month. This is highlighted in the Ministry of Finance monthly report on the performance of the economy released on Monday. Government through the Uganda Revenue Authority-URA …

Kampala, Uganda | THE INDEPENDENT | The Privatisation unit under the Ministry of Finance has said that it has demanded in vain for the payment of Shs69 billion from the sale of Uganda Railways property in Nsambya and Kibuli. Although Uganda Railways was meant to get Shs69.5 billion for the 57 acres …

Kampala, Uganda | THE INDEPENDENT | Legislators on the Committee on Education were left in shock after they discovered that a US$113 million grant from the Chinese government for construction of Buhinga and Akii-Bua stadia has not been utilized. The MPs were disturbed to learn that the Ministries of Education and Sports,  …

Kampala, Uganda | THE INDEPENDENT | Parliament has reached a consensus on which ministry will supervise the operations and activities of the National Social Security Fund (NSSF). There has been a big contestation on whether the supervisory role of NSSF funds should be under the Ministry of Gender, Labour and Social Development …

Kampala, Uganda | THE INDEPENDENT | Current and former members of Parliament have been listed among the more than 800 individuals and companies that have defaulted government taxes to a tune of 346 billion Shillings. This is contained in the Ministry of Finance’s response to the issues raised by the Opposition …

Kampala, Uganda | THE INDEPENDENT | Uganda’s total debt stock grew to 67.4 trillion Shillings by the end of the financial year 2020/21 in June, according to the Bank of Uganda. This shows a debt to GDP ratio of 45.5 percent, in contrast to earlier estimates of almost 50 percent, which …

Kasese, Uganda | THE INDEPENDENT | Kasese district local government has received Shillings 895,546,427, to kick start the operation of the Parish Development Model-PDM program. The money is part of the shillings 17.7 Billion received from the ministry of finance for the second quarter release of the financial year 2021/22. Key …

Kampala, Uganda | THE INDEPENDENT | A new report of the Auditor General has revealed financial indiscipline at Uganda’s Embassy in Copenhagen-Denmark. This is in relation to the utilization of 5.6 billion Shillings total budget disbursed to the Embassy for the financial year 2019/2020. The Auditor-General John Muwanga’s report on the …