Members of Parliament on the Budget Committee have voiced growing apprehensions about Uganda’s mounting debt burden. They pressed the Ministry of Finance, Planning, and Economic Development for strategies to effectively manage this fiscal challenge. State Minister for Finance, Henry Musasizi, revealed that the total debt stock as of June 2023 reached $23.7 billion (sh91 trillion). This is a notable increase ...
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The President of Uganda H.E Yoweri Kaguta Museveni has come out to spell doom for money lenders in the country that have killed several Ugandans especially the young people through stress. Museveni made these comments during the summon of NRM MPs yesterday at State House, Entebbe. According to the President, he directed the Minister of Finance to put out a ...
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The government of Uganda and businessman Sudhir Ruparelia have joined forces to build a modern Convention Centre. The Centre will host the Non-Aligned Movement (NAM) summit. The Ministry of Finance has finalized the budget and presented a supplementary request of UGX. 86.4 billion to Parliament. These funds will be used to co-invest in the project. Reports have it that the ...
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Henry Musaasizi, the Minister of State of Finance in charge of General Duties, has said they will investigate non payment of civil servants for December. The Nakaseke member of parliament, Hon Sarah Najjuma aired this matter of nation importance during plenary last evening. This prompted Musaasizi to say that they will carry out an investigation to find out why salaries ...
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Anita Among, the speaker of Parliament has tasked the finance ministry to table a national budget framework paper before the parliament. She said this should be done by 15th December before MPs break off for their Christmas holidays. According to Among, this will enable the MPs to study the budget in time. It will also allow the shadow minister for ...
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