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Nov 16 results
15:11
15:11

Parliament Cautions Gov't on New Debt finance committee 2 1

In its report to parliament accessed by Uganda Radio Network on the Finance Sector budget for the coming financial year, the Finance Committee chaired by Rubanda East MP, Henry Musasizi asked government to maintain a high degree of debt sustainability.
11:52
11:52

UPDF: We Budgeted for Newly Promoted Officers financial year 1 Top story

The Defense and Veterans Affairs State Minister, Sam Engola also said they have enough money for the promoted officers and will not require additional funding.
18:35
18:35

MPs Quiz Accountant General Over Unspent Funds consolidated fund 3

Members of Parliament sitting on the Finance Committee have demanded for a comprehensive explanation on the fate of unspent balances that are returned to the consolidated fund.
18:18
18:18

Gov't Proposes Tax Cuts for Confectioneries, Soft Drinks finance committee 1 4

The excise duty on soft drinks will be reduced from 13 percent 240 Shillings per litre to 12 percent 200 Shillings per litre.
19:22
19:22

SACCOs Make Case for Tax Exemption tax exemptions 1 1

Sylvester Ndiroramukama, the Chief Executive Officer of Uganda Co-operative Savings and Credit Union Limited appealed to MPs to uphold an earlier decision by parliament to exempt SACCOs from taxation. He says the reversal of the exemption is retrogressive and will disrupt operations of the SACCOs and the financial system.
07:12
07:12

Gov't Defends Proposed New Taxes finance committee 3 1

Government expects to generate Shillings 951 billion from the proposed policy measures and another Shillings 272 billion from administrative efficiency to achieve the policy target of 0.5percent in line with the National Development Plan II.
16:37
16:37

Ministry Official Thrown Out of Parliament over UGX1.5B Mischarge finance committee 1 1

Members of Parliament sitting on the Finance Committee have thrown Finance Ministrys Undersecretary Betty Kasimbazi out of the committee meeting over a 1.5 billion Shillings mischarge. Kasimbazi had appeared before the committee alongside the State Minister for Planning David Bahati to present the ministrys ministerial policy statement for financial year 2018/2019.
10:31
10:31

Investigations into Steel Sector Pushed to Wednesday mp henry musasizi 1

n his motion, Mugoya claimed that several companies in the steel sector evade taxes through non-invoicing of local and export sales, partial invoicing, misclassification and under declaration of imported steel products among others.
09:56
09:56

Landlords Stopped from Charging Rent in US Dollars finance committee 2

The move comes in relief of tenants in many shopping malls who were forced by their landlords, to pay rent in US dollars despite earning in Uganda Shillings. This implied that their rent bills increased whenever there was appreciation of the Dollar.
18:41
18:41

MPs Summon Mutebile, Finance Officials Over Crane Bank david bahati 2 1

Crane Bank, which used to be Ugandas third largest banking institution, was early this year taken over by DFCU Bank Limited, more than four months after the Central Bank took over its management. All Crane Bank assets and liabilities were then transferred to DFCU.
16:45
16:45

Parliament Insists on Tax Exemption Clause finance committee 2 1

In his letter to the Speaker of parliament, Rebecca Kadaga, Museveni noted that he was opposed to the decision by members of parliament to exempt themselves from taxes, saying it is injurious to the countrys revenue effort and not politically and morally correct.
19:39
19:39

Museveni Returns Excise Duty Amendment Bill to Parliament finance committee 2 1

Museveni told parliament that he has information that the vice can be fought as Rwanda and Tanzania have done and that the excise duty is to help in this fight. Kadaga directed the Finance Committee to consider the presidents concerns and report back to parliament.
23:26
23:26

Parliament Bows to Pressure, Reinstates Kerosene Tax finance committee 2

The committee revisited the matter after President Museveni's rejection of the excise duty Bill 2014, through which parliament had thrown out the proposed tax. The president argued that the country would lose Ugx68billion if the tax was removed.
17:13
17:13

MPs Move to Curb Supplementary Expenditures finance committee

Section 15 of the public finance and accountability act allows the executive to spend and seek retrospective supplementary budget approval while section 12 of the Budget Act also allows the minister to grant supplementary budgets to a vote limited to 3% of the entire budget. The MP\'s argue that this affects the budget through budget cuts since there is no specific source of financing for the supplementary budgets.
17:03
17:03

MPs Clueless As Government Presents New Bill on Oil Cash public finance bill

The proposed amendments were tabled before the three committees tasked to scrutinize the bill on Tuesday by Lawrence Kiiza, the director economic affairs at the ministry of finance.
08:03
08:03

5 Parliamentary Committees To Scrutinise Finance Bill public finance bill

Five committees of parliament have been tasked to examine the Public Finance Bill before it comes up for the second reading and subsequent debate in the House. The bill which among others seeks to manage the revenues from oil resource was tabled last year and it was referred to the committee on finance for analysis.
Nov 16 results