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NGOs panic as DGF orders audit amid suspension
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DGF-govt talks hit deadlock, hold up billions of cash
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Approved Ndeeba church land compensation inflated by billions
March 2, 2021 Religious leaders at the demolished church site
Parliament has in an unprecedented move halted the disbursement of Shs 5.29 billion recently approved under the ministry of Lands and Uganda Land Commission (ULC) to settle outstanding land compensation.
The money in question was meant for the compulsory government acquisition of land of the Ndeeba Church of Uganda valued at Shs 3.8 billion razed down by businessman Dodovico Mwanje last year, and compensation of another piece of land belonging to Geoffrey Mugisha valued at Shs 1.49 billion at Buyaga, Kibaale.
These funds are part of a bigger Shs 292 billion supplementary budget approved by parliament on February 11 to among others; enable the government purchase 18 million doses of Covid-19 vaccines, purchase more face masks by the ministry of Health and purchase more ambulances.
Approved Ndeeba church land compensation inflated by billions
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The East African
Wednesday February 10 2021
Banana traders at the outdoor market in Nakawa, Kampala. Uganda’s debt servicing burden continues to rise. FILE PHOTO | NMG
Summary
The country’s budget is projected at $12.38 billion, of which $5.66 billion will go to debt servicing, against total domestic revenue that is projected at only $5.88 billion.
The debt servicing burden continues to rise and government officials say the extra borrowing is necessitated by the need to cover for both the revenue shortfalls and the Covid-19-related expenditure needs.
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Uganda will spend a bulk of its domestic revenue on debt servicing in the next financial year as the country works to resuscitate its Covid-19 battered economy.