He cautioned that many masqueraders have made themselves too available and effective to the business community that it’s hard for the association to know who the real importers are, but hastened to add that clearing agents should only be those that are licensed by the Uganda Revenue Authority.
Parliament on Friday passed a 44.77 trillion Shillings National Budget under which allocations to the Agricultural sector were drastically cut from 1.3 trillion in the current financial year to 799 billion in the new one.
Government plans to collect 22.63 trillion Shillings with over 20.83 trillion coming from tax revenue in the coming financial year 2021/2022. This is to help finance the 44.77 trillion Shillings budget passed by parliament today, of which 38% is going for debt servicing.
Amos Lugoloobi, the chairman of the Budget Committee of Parliament said, in a report presented to Parliament today that the Uganda National Roads Authority-UNRA, Uganda Police Force and Electoral Commission account for the agencies with the biggest unspent balances.
Uganda has 10,594 parishes and the Parish Development Model -PDM is a strategy for organizing and delivering public and private sector interventions for wealth creation and employment generation at the parish Ievel as the lowest economic planning unit.
The debate comes on the backdrop of an operation by the URSB, accompanied by police officers in shops in Kiyembe Lane, Nakasero where a number of items branded Harvel were confiscated on Tuesday. The traders say that the operation against five shops confiscated all electronics including main switches, circuit breakers and changeovers manufactured by Harvel plastics in Dubai.
According to UNBS, the uptake of standards among manufacturers is still wanting and now they want to ensure that the upcoming manufacturers are supported and empowered to know the importance of standards.
The IMF spokesperson Gerry Rice says that Uganda requested a three-year loan arrangement. The loan could be in the range of USD 900 million which is roughly 3.1 trillion Uganda Shilling, according to the journalist who asked the question.
Emyooga was launched in August 2019 by President Museveni to spur a shift from subsistence to market-oriented production. The government set aside 260 billion Shillings to bankroll the program with each constituency meant to receive 560 million shillings
Last month a circular from the Ministry of Finance was sent to Chief Administrative Officers across the country directing them not to include DDEG in their budget for the next financial year because the government is introducing the new Parish Development Model where funds will be sent directly to the parishes instead of sub-counties, effective July 1.