Kampala, Uganda | THE INDEPENDENT | The government’s amendment to the proposed budget for the financial year 2023/2024, indicates an increase in the resource envelope from 50.9 trillion to 51.9 trillion Shillings. Henry Musasizi, the Minister of State for Finance- General Duties tabled the document on Wednesday during the plenary …
Read More »Accountants push for priority spending as Govt suspends borrowing
Kampala, Uganda | THE INDEPENDENT | Professional accountants have joined efforts to push for better public finance management practices to support economic development. This comes as the government insists that there will be no new loans contracted in the next three years starting with the financial year 2023/24 as the …
Read More »Musasizi defends decision to tax Twitter and Netflix
Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance (General Duties) Henry Musasizi, has defended the proposal to impose a 5% tax on the gross income earned by international digital companies in Uganda. Musasizi alongside other officials from the Ministry of Finance appeared before Parliament’s Finance Committee …
Read More »Banyakigezi slam Minister Musasizi for opposing creation of ‘ Kabale City’
Kabale, Uganda | THE INDEPENDENT | A section of locals and stakeholders in Kigezi region are demanding that Henry Ariganyira Musasizi, State minister of Finance for general duties withdraws and apologises for his statement about the creation of Kabale City. On February 12, 2022, while at his thanksgiving ceremony at …
Read More »We never received iron sheets from Minister Musasizi – Rubanda schools
Rubanda, Uganda | THE INDEPENDENT | Administrators of schools in Rubanda district have disassociated themselves from reports that they benefited from iron sheets that were obtained from the Office of the Prime Minister by the State for Finance, in charge of General Duties, Henry Musasizi. The iron sheets were meant …
Read More »Museveni’s electric buses, the dreams versus reality
President Yoweri Museveni has once again said Ugandans need to shift to electric vehicles. COVER STORY | THE INDEPENDENT | In a televised address on July 20, the President said shifting to electric vehicles is one of the long lasting solutions Uganda needs to adapt to cope with the current …
Read More »Health, education take largest share in Sh48 trillion approved Uganda budget
NEWS ANALYSIS | THE INDEPENDENT | Uganda’s Sh48.13 trillion National Budget has been approved by Parliament today. The approved budget has increased by sh5 trillion from the current financial year budget. Over half of this money is expected to come from domestic revenue collection with Government targeting a collection of …
Read More »Parliament enacts Sh48.1 trillion first post-lockdown budget
Recurrent expenditure ✳️ Ministry of Finance Shs2.3 trillio, ✳️ Ministry of Defense and Veteran Affairs Shs1.2 trillion ✳️ Lands, Housing and Urban Development Shs503 billion Development expenditure ✳ Defence Shs2.3 trillion ✳ Ministry of Health Shs1.4 trillion ✳ Energy gets Shs1.4 trillion ✳ Uganda National Roads Authority Shs2.5 trillion Kampala, …
Read More »Parliament approves Sh618bn supplementary budget
Supplementary Budget for FY 2021/2022 ➡Shs86.3bn for Office of the President to cater for external financing from EXIM Bank for the National Science, Technology, Engineering and Innovation Skills Enhance Project ➡Shs77bn for State House for classified expenditures, ➡Shs64.4bn for UPDF to facilitate Operation Shujaa in DRC and Shs87.5bn for operations …
Read More »Minister withdraws amendments to Finance, URA Act
Kampala, Uganda | THE INDEPENDENT | The Minister of State for Finance- General Duties, Henry Musasizi has withdrawn two tax Bills from parliament. The House has approved his request. The Bills are the Finance (Amendment Bill), 2022, and the Uganda Revenue Authority (Amendment) Bill, 2022. Under the Finance (Amendment Bill), 2022, the …
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