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Mar 5 results
15:58
15:58

Parliament Approves UGX 40.5 Trillion Budget Without Debate 2019/2020 budget 3 1 Top story

Parliament has today in an unprecedented manner passed the coming financial year 2019/2020 budget totaling 40.48 trillion Shillings without debate on the budget committee report. The report was presented on Thursday afternoon by the committee Chairperson Amos Lugoloobi.
12:37
12:37

Uganda’s Petroleum Fund Not Growing 2019/2020 budget 1 1

“As of the end of December 2018, the value of the Fund stood at 288.7 billion Shillings. The reduction in the Fund value from 470.4 billion Shilling reported in June 2018 to the current 288.7 billion Shillings was due to the transfer of 200 billion Shillings to the Uganda Consolidated Fund to finance the financial year 2018/2019 budget,” a report by the Budget Committee of Parliament stated.
18:23
18:23

Parliament, Finance Clash over UGX 929bn Additional Budget 2019/2020 budget 1 5 Top story

MPs on Tuesday disagreed with Finance Ministry’s additional Shillings 929 billion in allocations to the already scrutinized 39.54 Trillion National Budget for the coming financial year 2019/2020.
14:53
14:53

Gov't Proposes More Tax Breaks for Investors in Industrial Parks Taxation

According to proposed new tax measures, investors setting facilities in Uganda's industrial parks and those using agriculture raw materials and employing 60% local people will see their tax burden lessened when the new budget takes effect in July.
17:21
17:21

Economists Want Gov't to Review Social Welfare Financing 2019/2020 budget 5

Dr Fred Muhumuza, a former Economic Advisor to the Ministry of Finance says that the programs need to be rethought before approval of the budget for the next financial year. He suggests for instance, that the amount of money given to senior citizens under the SAGE program be increased to match the poverty line index.
Mar 5 results