[View From Uganda]
When you here regime officials speak sometimes if you pretend you didn’t know the truth you might believe they are making sense.
At the 5th National Social Security Fund (NSSF) Suppliers Forum held last week, the Fund’s procurement plan, key projects and how technology has enabled best-in-class procurement practices at the Fund and government as a whole were discussed.
The Fund’s managing director and chief executive officer Richard Byarugaba said, “Our call today is for partnerships, shaping a future with the Fund all together. The key drivers of our business today are data and technology. Suppliers who remain analogue cannot do business with us. Public procurement accounts for 13% to 20% of global GDP. Fifty-five percent of Uganda s budget is spent on public procurement but an estimated 10% to 25% is lost as a result of inefficiency and corruption.“
Mr Kasaija is expected before the Budget Committee today to explain the contradictions in the budget, among other glitches in the draft allocations to the various programmes
Daily Monitor
Wednesday April 14 2021
Summary
The increase in domestic interest payment exerts a lot of pressure on government to meet its obligations of paying back the loans.
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The government has in a space of one year spent more than Shs1.5 trillion on domestic debt servicing as the country grapples with constrained resource envelop amid growing spending appetite.
In December last year, the total stock of outstanding government domestic debt increased by 27.3 per cent [Shs 22.127 trillion] from Shs17.376 trillion in December 2019.
The money, according to government, was borrowed with authority of Parliament to bridge the resource gap between tax revenues and the planned government expenditures for the Financial Year 2020/2021.
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Uganda s president orders suspension of European-backed fund
Ugandan President Yoweri Museveni has ordered the suspension of a multimillion-dollar fund backed by European nations that supported the work of local groups focusing on democracy and good governance
By RODNEY MUHUMUZA Associated Press
February 3, 2021, 3:14 PM
• 4 min read
The Associated Press
FILE - In this Thursday, Jan. 14, 2021 file photo, Ugandans wait to vote in the presidential election in Kampala, Uganda. Uganda s President Yoweri Museveni in Feb. 2021 has ordered the suspension of the multimillion-dollar Democratic Governance Facility fund backed by European nations that supports the work of local groups focusing on democracy and good governance. (AP Photo/Jerome Delay, File)
Daily Monitor
Friday January 29 2021
Summary
On Wednesday, the Budget Committee of Parliament discovered that officials in the Ministry of Finance had smuggled Shs481b in the budget after the BOU Deputy Governor, Dr Michael Atingi-Ego, revealed that the central bank had not made any request for capitalisation.
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The 2021/2022 financial year budget must be revised downwards by removing the Shs481b that had been sneaked into the Budget Framework Paper as recapitalisation for Bank of Uganda (BOU), Parliament has directed.
On Wednesday, the Budget Committee of Parliament discovered that officials in the Ministry of Finance had smuggled Shs481b in the budget after the BOU Deputy Governor, Dr Michael Atingi-Ego, revealed that the central bank had not made any request for capitalisation.