The government spent more money than it had planned in May 2023 despite the continued complaints of unfulfilled obligations especially on salaries and wages. The total planned expenditure for the month was Shillings 2.985 trillion, but it ended up spending Shillings 3.5 trillion as priorities changed across the different sectors. This performance was mainly due to…
President Yoweri Kaguta Museveni has placed a blanket ban on travel abroad by Members of Parliament and civil servants to save money for other priority sectors. While commissioning facilities at Uganda Petroleum Institute-Kigumba (UPIK) in Kiryandongo District on Saturday, Mr Museveni was not happy to learn that the institute does not have enough funding to…
Members of Parliament have approved a request by the government to borrow $464 million (about Shs1.7 trillion) to finance infrastructure and development needs of the budget despite objection from the opposition, who say the loan terms are unfair. Referred to Parliament’s Committee on National Economy on Tuesday, the loan is to be sourced from Standard…
The Government of Uganda has donated two acres of land to African Export-Import Bank (Afreximbank), a move that will enable it open up its regional branch in Kampala, Uganda. The donated piece of land which formerly belonged to National Social Security Fund (NSSF) and located along Yusuf Lule Road in Kampala was handed over to…
A multipronged international effort has begun to pull out all the stops to launch trials of experimental Ebola vaccines in Uganda, which declared an outbreak of the deadly disease on 20 September. According to the most recent World Health Organization (WHO) update, Uganda had by Sept.29 had 35 confirmed cumulative cases, and 7 cumulative Ebola…
The Asia Africa Development Council (ADCO) which coordinate the Council for Sustainable Peace and Development for promotion of peace and development in Asia and Africa is proud to unveil the TOP 54 Certified Responsible Investments in Uganda- Prof Ripu Ranjan Sinha the Director General of Council for Sustainable Peace and Development Stated. The Asia Africa…
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 transaction, according to the Ministry of Finance, is intended to…
The Deputy Speaker of Parliament, Thomas Tayebwa has cautioned Accounting Officers of government Ministries, Departments and Agencies (MDAs) against acts of securing higher budgets than what the Finance Ministry allocates for projects by promising to give out kickbacks to legislators sitting on relevant committees. Tayebwa made remarks on Friday July, 8, 2022 at Hotel Africana…
Security and education, and health sectors are the biggest beneficiaries of the National Budget for the Financial Year 2022/2023 that was released on Tuesday, 14 June 2022 during a Parliamentary sitting held at Kololo Ceremonial Grounds. Finance minister Matia Kasaija unveiled the sh48.1 trillion national budget, indicating that government anticipates generating Shs25.7 trillion from revenue…
The Government of Uganda has earmarked a total of Shs1.711 trillion as wealth creation funds in the National Budget for 2022/2023 as part of its strategy to ensure economic recovery from the effects of Covid-19 and the current high prices. Finance minister Matia Kasaija, while delivering the budget at Kololo Ceremonial Grounds in Kampala on…
