Tag Archives: ministry of finance

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has hit above the revenue collections target set by the Ministry of Finance, Planning and Economic Development for the first half of the year 2020/2021. The ministry had initially told URA to collect Shs 21.6 trillion for the year, but after evaluating …

    Kampala, Uganda | Xinhua | Uganda’s economy is on a recovery trend from the downturn caused by the COVID-19 pandemic, a new report by the ministry of finance showed Wednesday. The monthly performance report for October showed that for the fourth consecutive month, the Purchasing Managers’ Index (PMI) has …

Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has tasked the Ministry of Finance to refund 800 Million Shillings to the Departed Asians Properties Custodian Board taken after the closure of the International Credit Bank (ICB). Finance Minister Matia Kasaija on …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has unveiled a 40.7 trillion Shillings budget for the financial year 2021/2022. The proposed figure is less of the current budget by 11 trillion Shillings. Parliament initially approved 45.49 trillion Shillings budget for the current financial year which started on …

Kampala, Uganda |  THE INDEPENDENT |   The Ministry of Finance is seeking to add another 390 billion Shillings to the supplementary request of 3.426 trillion Shillings currently before the Parliamentary committee. The request puts the supplementary budget at 3.853 trillion Shillings.   The first supplementary is to finance a classified budget …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance, Planning and Economic Development has tabled a supplementary request to Parliament of up to 3.4 trillion shillings which is about 7.5% of the total budget of this financial year. Although the total budget for Financial Year 2020/2021 is 45.49 trillion …

Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament Rebecca Kadaga has directed the Ministry of Finance, Planning and Economic Development to review taxes on imported textile, following uproar from traders who said the new tax regime is prohibitive. In a meeting with the United Textile Group and Manufacturers’ Association …

Kampala, Uganda | THE INDEPENDENT | At least 21 staff at the Ministry of Finance and six from Uganda National Roads Authority (UNRA) have tested positive for the Coronavirus (COVID-19) as the cases grow among different private and public agencies. Finance staff under-went mandatory COVID-19 test on August 19. Test results, …

Kampala, Uganda | THE INDEPENDENT | Parliament on Thursday resolved to reject a motion tabled by the Minister of State for Planning David Bahati which sought to re-allocate funds in the financial year 2020/2021 budget to operationalize the newly created cities. On 28th April, Parliament approved the creation of 15 new …

  Kampala, Uganda | THE INDEPENDENT | Uganda’s coffee exports topped 5.1 million bags in the financial year 2019/2020, a 21% jump compared to a year before, the Ministry of Finance has said. Each bag is 60 kilograms. The Ministry says in the latest reporting that this was the highest …