Lawmakers on the joint Parliament Committees of National Economy and Finance were left furious after discovering that the Government is set to borrow Euro500M equivalent to Shs2.008Trn to finance the 2023/2024 national budget. This followed the tabling of three loan requests by the Minister of State for Finance (General Duties) Henry Musasizi in which the
Efforts by a section of Opposition MPs to warn Parliament against ‘gifting’ businessman Mathias Magoola with Shs70Bn to establish a Pharmaceutical Factory in Matugga-Wakiso district on grounds that the cost of the project had been inflated by Shs1.862Trn were Friday thwarted by NRM lawmakers who voted to have the funds approved. The warning was disclosed
Lawmakers have raised concern on the skyrocketing public debt, warning that the trend has left Uganda’s economy vulnerable and called on the Executive to contain its appetite for loans and expenditure. The concern was first raised by Patrick Isiagi, Chairperson Budget Committee, while presenting the report on the Appropriation Bill 2023 budget estimates, where he
The Attorney General, Kiwanuka Kiryowa has insisted that despite some gold exporters dragging the Government to court in protest of the gold tax, the exporters will have to pay the tax as paid by Parliament. Kiwanuka’s remarks on Tuesday were in response to a concern raised by Leader of Opposition, Mathias Mpuuga who tasked the
By Prisca Wanyenya Come July 2023, all state prosecutors will start smiling their way to their banks after Parliament approved a proposal to amend Section 21(1)(q) of the Income Tax Amendment Bill 2023, to include Public Prosecutors as persons whose employment income should be exempt from tax. The decision followed a spirited request made by