Members of Parliament (MPs) sitting on the National Budget Committee have cleared a Shs691 billion loan to be financed under a pre-financing arrangement with contractors for the reconstruction of the Masaka-Mutukula road and rehabilitation of the Nyendo-Villa Maria road. The loan will also fund the upgrade of: 3.5 kilometers of […]
By Jane Nafula | Monitor The Permanent Secretary in the Ministry of Finance, Mr Ramatha Ggoobi, has said the government will rollout Electronic Government Procurement (e-GP) in all its entities to quicken decision making and also minimise procurement-related corruption. The e-GP is an integrated system designed to digitise the process […]
By Franklin Draku Government has tabled before Parliament a request to borrow up to $650 million (Shs2.9 trillion) from different financial institutions to finance part of its budget. According to a request presented by Mr Matia Kasaija, the Minister of Finance, Planning and Economic Development, government will borrow up to […]
Authorities at the Ministry of Finance are investigating the source of public funds spent by 71 government officials who last week travelled in two parallel groups to New York for the 78th United Nations General Assembly. The two groups from the office of Vice President Jesica Alupo and Prime Minister […]
The Ministry of Finance is seeking to make amendments to the Foreign Exchange Act which would see the capital requirement run a money remittance business increased to 10,000 currency points which is equivalent to Shs200 million. This was revealed by the state minister of Finance Henry Musasizi while introducing the […]
