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A Pleasant Welcome Of Shs 300m Awaits Each Freshly Elected & Re-elected Member Of Uganda’s Parliament Amidst Covid-19 Economic Hardship

The Minister of Finance Matia Kasaija is hunting for sh165bn to avail Parliament a budget for MPs motor vehicle allowances in the 11th Parliament. Divided by about 520 MPs, each is expected to pocket closet to sh320million in vehicle allowances. Minister Kasaija said that even if the 165 billion expenditure for cars is not yet funded,…

Uganda Plans To Borrow Over Shs10.3 Trillion From External Lenders As Debt Nears Crisis Level

The Government of Uganda is planning to borrow over Shs10.3trillion from external lenders in the FY2021/22 that starts in July. This website can confirm that according to the latest Budget Framework Paper, maintaining the country’s momentum towards the debt crisis level, the new loans are intended to plug the project revenue shortfalls to fund the…

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