Tag Archives: ministry of finance

Kampala, Uganda | THE INDEPENDENT | Headteachers in government-aided learning institutions are up in arms over the decision by the Ministry of Finance asking them to return funds they had received for the second term in the fourth quarter of the 2019/2020 financial year. On July 22, Keith Muhakanizi, the …

Kampala, Uganda | THE INDEPENDENT | Leaders of several tertiary institutions have asked the government to reconsider its move to suspend operational funding to all learning institutions. Recently, the Ministry of Finance noted that funding for educational institutions except the wage bill, would only be available when the government reopens …

Kampala, Uganda | THE INDEPENDENT | The National Economy committee of Parliament is investigating circumstances under which the Ministry of Finance failed to reconcile money amounting to 666 billion Shillings for the month of March 2020. According to a presentation by Parliament’s Budget Office to the National Economy Committee, up to …

#UGBUDGET20 ✳ Sh45.5 trillion ✳ Cuts on travel, conferences ✳ Security Sh4.5 trillion ✳ Works Sh5.8 trillion ✳ Govt to borrow Sh11trillion ✅ 2020 – Sh45 trillion ✅ 2019 – Sh40 trillion ✅ 2018 – Sh32 trillion ✅ 2017 – Sh22 trillion ✅ 2016 – Sh20 trillion Kampala, Uganda | …

Kampala, Uganda | THE INDEPENDENT | President Museveni has rejected a loan of 1.4 trillion shillings ($400m) accusing the Ministry of Finance of lack of seriousness. This is part of the 3.5 trillion Shillings request that the Minister of Finance Matia Kasaija sought in January. Of this, 596 billion Shillings …

Kampala, Uganda | THE INDEPENDENT | An American company, RippleNami Inc has been contracted to help in the collection of rental tax in Uganda. The company will identify properties, their owners and link them to the URA tax identification number system according to the Ministry of Finance. In a statement, …

Gulu, Uganda | THE INDEPENDENT | Gulu district local government is yet to receive the 165 million Shillings COVID-19 funding money allocated to each district by the Ministry of Finance. The ministry released the money to districts in April to intensify the campaign against the COVID-19 pandemic. The funding was …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has resolved to approve a supplementary request totaling 10 billion Shillings for Uganda Industrial Research Institute (UIRI) pending an onsite visit at the entity’s Namanve premises on Friday. This was during an interface with Ministry of Finance officials led by the …

Kampala, Uganda | THE INDEPENDENT | The joint committee that is scrutinizing the National Social Security Fund- NSSF Amendment Bill has failed to reach consensus on the government ministry which should supervise the Fund. The Bill seeks to among others, expand social security coverage and benefits through enforcing mandatory contributions for …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economy started feeling the hit from the coronavirus (COVID-19) as early as February before the lockdown, a report has revealed. According to the Ministry of Finance, March 2020 performance of the economy report states by start of February, external demand for the country’s …