Tag Archives: ministry of finance

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 …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has further increased the budget for the financial year 2021/2022 from the initial 41.3 Trillion Shillings to 44.7 Trillion Shillings. According to the Ministry of Finance, the increase is due to an additional 500 Billion Shillings for the purchase of COVID-19 vaccines …

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 …

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 …

Kampala, Uganda | THE INDEPENDENT |  The Ministry of Finance has revised a loan request first made in 2019 from 445 to 419 billion shillings.  Parliament had authorized the government to borrow up to 445 billion Shillings (101.88 million euros) from the UK Export Finance for the development of solar-powered irrigation …

Lord Mayor Erias Lukwago has criticized the government for allocating meagre funds to KCCA Kampala, Uganda | THE INDEPENDENT | The Lord Mayor Erias Lukwago and city councilors are protesting the low budget allocation to Kampala Capital City Authority-KCCA. According to the second budget circular, the Ministry of Finance, Planning and Economic …

Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association-UBA is petitioning the Central Bank to block the proposed taxation of cash withdrawals from the bank. The proposal has drawn condemnation across sections of the public after the Ministry of Finance Planning and Economic Development wrote to the Governor of the …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has tasked the Ministry of Finance to come up with a budget towards the refurbishment of Mandela National Stadium -Namboole in the coming financial year 2021/2022. Namboole is Uganda’s only national stadium of international standard and is supervised by the Ministry of …

Kampala, Uganda | THE INDEPENDENT | A report by the Ministry of Finance, Planning and Economic Development indicates that banks gave out loans worth 2.65 trillion shillings to the private sector in the first quarter of the financial year 2020/2021. The pre-election economic and fiscal update issued by Moses Kaggwa, the …

Kampala, Uganda | THE INDEPENDENT | Government has in total allocated 1.073 trillion Shillings to various Ministries, Departments and Agencies (MDAs) involved in the implementation of election related activities in the run up to the January 2021, general election. This is according to the pre-election economic and fiscal update released by …