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Tag Archives: national budget

National budget increased to UGX 44.7 trillion

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 …

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Why national budget was reduced to UGX 41.3 trillion

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 …

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Uganda to spend UGX 7 trillion on loans

Kampala, Uganda |  THE INDEPENDENT | The Government plans to spend 1.826 Trillion Shillings on repayments of external debt next financial year, up from 1.12 trillion Shillings in the current year. The increase is attributed to an increase in non-concessional financing.    Non-concessional loans usually carry commercial interest rates which are …

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Parliament approves UGX 45.5 Trillion National Budget

✅ 2020 – Sh45 trillion ✅ 2019 – Sh40 trillion ✅ 2018 – Sh32 trillion ✅ 2017 – Sh22 trillion ✅ 2016 – Sh20 trillion Kampala, Uganda | THE INDEPENDENT | Parliament has approved a 45.49 trillion Shillings Budget for the financial year 2020/2021. The estimates show an increase of …

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Budget Committee recommends re-allocation of UGX 402.5Bn

Kampala, Uganda | THE INDEPENDENT | Parliament’s budget committee has recommended reallocation of 2020/2021 financial year budget to other key programs. This is highlighted in the Budget Committee report presented to Parliament by the Committee Chairperson Amos Lugoloobi. In the report, the committee made adjustments to the proposed 45.48 trillion …

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MPs recommend review of national budget

Kampala, Uganda |  THE INDEPENDENT |  Parliament’s Budget Committee has recommended that the government reviews and revises the National Budget for the coming financial year 2020/2021 in the wake of COVID-19. This is one of the committee’s recommendations in its report to Parliament in which it approved the appropriation of Shillings 45.493 …

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