Kampala, Uganda | THE INDEPENDENT | The Opposition in Parliament has said that the proposed resource envelope for the next financial year 2023/2024 is unrealistic based on the proposed tax revenue collections and the country’s debt stock. This is according to a minority report on the proposed National Budget Framework paper …
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Kampala, Uganda | THE INDEPENDENT | Muwanga Kivumbi was unamused by the majority report, and noted that government could be losing well up to Shs8 trillion in tax exemptions, which he said makes no sense in light of budgeting constraints occasioned by pressures on the national resource envelope. “We have …
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Kampala, Uganda | THE INDEPENDENT | The Speaker of Parliament, Anita Among, has proposed a meeting between the Leader of the Opposition (LoP), Mathias Mpuuga, and Finance State Minister (Privatisation and Investment) Evelyn Anite, after an unsatisfactory response to the LoP’s concerns on government’s failure to meet its financial obligations. In a …
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Masaka, Uganda | THE INDEPENDENT | Buganda Parliamentary Caucus has called for a special inquiry into the allocation of 3.6 square miles of land to private investors for the palm oil growing project in Masaka district. The contested land is home to close to 1,000 residents of Nakigga, Birinzi, and Kasanje …
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Kampala, Uganda | THE INDEPENDENT | The Buganda Parliamentary Caucus is not opposed to value addition of coffee, but rather wants fair competition that will allow Ugandans to take up the task, the caucus chairperson, Muwanga Kivumbi has revealed. He was making a rejoinder to President Yoweri Kaguta Museveni’s statement …
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Kampala, Uganda | THE INDEPENDENT | Opposition legislators have criticized the leadership of parliament for postponing plenary sittings pending a debate on a proposed motion challenging a vote on the government’s decision to purchase shares in Roko Construction Limited. Parliament voted on the purchase of preference shares worth Shillings 202 billion …
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Kampala, Uganda | THE INDEPENDENT | Government has asked Members of Parliament to support the proposal to buy shares in ROKO Construction Limited to save ongoing construction works. The Minister of State for Finance (General Duties), Henry Musasizi recently tabled a proposal for the government to purchase 150,000 preference shares in Roko …
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Kampala, Uganda | THE INDEPENDENT | The Finance Committee of parliament and Roko Construction Limited have disagreed on the alternative financing possibilities for the company. The committee is considering a proposal from the government to purchase 150,000 shares worth Shillings 202.13 billion in Roko Construction Limited payable over five years. The …
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Kampala, Uganda | THE INDEPENDENT | The Chairperson of the Finance Committee, Keefa Kiwanuka has advised the Minister of Finance to re-allocate the Shs319 billion earmarked in the 2022/2023 budget for the International Specialised Hospital in Lubowa. This was during the meeting with the Ministers of Finance, led by Matia Kasaija while …
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Kampala, Uganda | THE INDEPENDENT | With ravages of COVID-19 which swept the economy down to a growth rate of three per cent, government is hoping to get to pre-pandemic levels of six per cent per annum in Financial Year 2022/23. President Yoweri Museveni, through finance minister Matia Kasaija, last week tabled …
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