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Ministry Of Finance and Economic Development

Road construction loan caters for Project Affected Persons in Teso

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Views: 8The upgrade of Kumi-Ngora-Serere-Kagwara road will not be hindered by the Project Affected Persons (PAPs), given that the loan to finance the road works includes compensation. The Minister of State for Finance, Planning and Economic Development (General duties), Hon. Henry Musasizi told the Committee on National Economy that the loan request of US$106 million […]

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Central Bank audit report sent to CID for further investigations

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Views: 7 Speaker Rt.Hon.Annet Anita Among presiding over the house on Thursday. Thursday, 9th January 2025 The Auditor General’s forensic audit report on the alleged loss of Shs60 billion from Bank of Uganda (BoU) has been forwarded to the Directorate of Criminal Investigations (CID) for further investigations. Speaker Anita Among sent the report to the

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Kampala,Uganda:Parliament approves loans for infrastructure development

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Views: 10Parliament has approved government requests to borrow US$15.22 million and US$73.15 million from the African Development Bank Group for the construction of Laropi-Moyo-Afoji Road and the Katuna-Muko-Kamuganguzi Road. The approval followed a motion presented by the Minister of State for Finance, Planning, and Economic Development (General Duties), Hon. Henry Musasizi, during a plenary session

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House approves Shs152 billion for Hoima City stadium construction

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Views: 1Construction of Hoima City stadium is expected to start after Parliament approved the required Shs152 billion, part of the Shs288.6 billion Supplementary Budget Schedule No.03 on Thursday, 16 May 2024. ahead of the African Cup of Nations (AFCON) in 2027. The Ugandan Parliament has approved a supplementary budget of UGX 152 billion for the

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ICT Ministry says low funding hindering implementation of govt programs

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Views: 1The Ministry of ICT and National Guidance has decried inadequate funding which they say is hindering the implementation of a number of government programmes under their docket. This was revealed by the ministry’s Permanent Secretary, Ms Aminah Zawedde during the opening of the two-day retreat for MPs on committee of ICT and National Guidance

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The Minister Of State for Finance and General Duties Henry Musasizi, has defended the increase of tax on fuel products from Shs1450 to Shs1550 saying Uganda’s economy has recovered from the COVID-19 pandemic & the increase is part of Parliament’s earlier recommendation to have tax on fuel products increased every two years.

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Views: 1By Godfrey Kiyingi/KMA Updates The Minister Of State forF inance and General Duties Henry Musasizi, has defended the increase of tax on fuel products from Shs1450 to Shs1550 saying Uganda’s economy has recovered from the COVID-19 pandemic & the increase is part of Parliament’s earlier recommendation to have tax on fuel products increased every

The Minister Of State for Finance and General Duties Henry Musasizi, has defended the increase of tax on fuel products from Shs1450 to Shs1550 saying Uganda’s economy has recovered from the COVID-19 pandemic & the increase is part of Parliament’s earlier recommendation to have tax on fuel products increased every two years. Read More »

Defence spending Shs400m monthly to fly troops to Somalia

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Views: 0The Ministry of Defence is spending a total of Shs400 million monthly to fly troops to Somalia and other destinations following the grounding of planes owned by Uganda Air Cargo. The Permanent Secretary of the Ministry, Rosette Byengoma, told the Committee on Defence and Internal Affairs that Uganda Air Cargo has been chartering flights

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Microfinance body protests merger

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Views: 1Finance Committee Chairperson, Hon. Amos Kankunda, (left) and the Executive Director UMRA, Ms. Edith Tusuubira, during the committee meeting on Monday 26 February 2024 The Uganda Microfinance Regulatory Authority (UMRA), has protested the move by government to move it into the Ministry of Finance saying that its objectives and functions will not be effectively

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Committee on National Economy to assess country’s debt

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Views: 1Concerns on the increasing public debt burden continue to dominate debate and this time, Deputy Speaker, Thomas Tayebwa has directed the Committee on National Economy to make an assessment on the country’s public debt and report back to Parliament. Tayebwa made the directive during the debate on the National Budget Framework Paper for financial

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Plug tax gaps to finance budget – MPs

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Views: 1Government is urged to consider non-taxed areas and those with revenue leakages as a way of raising revenue.Members of the Budget Committee aver that this would bridge the budgetary gaps that have kept key priorities unfunded for years. The proposals were made during the committee’s interaction with officials from the Ministry of Finance led

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