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Finance Minister Matia Kasaija who is attending the 2024 Islamic Development Bank Group Annual Meetings in Riyadh,Saudi Arabia (27-30 April,2024) has signed a financing agreement with the President of IsDB Group H.E Dr Muhammad Al Jassar worth USD 295 million for upgrading of

Minister of State for General Duties Hon Henry Musasizi today led Ministry of Finance team & other votes with supplementary requests before Parliament of Uganda Committee on Budget which is considering the supplementary expenditure schedule No.2 for FY 2023/24 (Budget Neutral).

Votes are

Finance Minister Matia Kasaija has today received the report on compliance of the national budget estimates and ministerial policy statements with gender and equity requirements for the FY 2024/25 from Equal Opportunities Commission chairperson Hon.Sofia Nalule Juuko.

The Equal Opportunities Commission chairperson informed the…

I met the leaders of traders from Kampala and other districts at Entebbe.

I listened to their issues, which included:

1. The tax on textiles calculated based on kilograms is high.
2. Manufacturers who engage in wholesale and retail leave no room for traders to do business,…

WAGE BUDGET & KEY EXECUTION ISSUES FOR FY 2024/25:

Deputy Secretary to the Treasury, Patrick Ocailap on behalf of the PSST Ramathan Ggoobi has issued a circular to all Accounting Officers (Central & Local Government) on issues of the wage budget.

This follows the completion of the…

FOURTH NATIONAL DEVELOPMENT PLAN (2025/26-2029/30):
Minister of State for Planning Amos Lugoloobi yesterday met National Planning Authority 🇺🇬 team at Protea Hotel,Kampala to discuss the next steps & processes to deliver the fourth national development plan (NDPIV). This follows the approval of the

Minister of State for Planning Amos Lugoloobi has this morning made a statement to Parliament of Uganda regarding the outcome of the meeting with Traders (on tax matters) on Tuesday 16th April,2024.

Amos Lugoloobi said the internal consultations and further engagement with the

This is not true. Please Ugandans ignore. The New Vision please remove this misinformation, and sanction your people. The economy is not for populism and headline hunters.

Minister of State for Planning Amos Lugoloobi has today with Ministry of Education and Sports - Uganda team appeared before Parliament of Uganda Committee on Education & Sports to respond to issues raised by the Committee after examining the Ministerial Policy Statements & Budget Estimates for FY 2024/25.…

According to the Performance of the economy monthly report for March 2024,the Ugandan shilling traded at an average mid-rate of Shs 3,895.8/USD in March 2024 from Shs 3,873.6/USD in February 2024,and thus a depreciation of 0.6%.
This is a slowdown from the depreciation of 1.8%

Our Issue No.14 of MOFPED TIMES is here for privileged insights. Have a look...👇👇👇
finance.go.ug/sites/default/…

'Whereas the recent debate focused on the rising debt levels, it’s worth noting that Uganda’s fiscal deficit has been reducing from 9.0% of GDP in FY 2020/21 to 5.5% in FY 2022/23 and is projected to reduce further to 3.8%,' writes Apollo Munghinda

businesstimesug.com/ugandas-debt-r…

We are moving:
1. 81% of adult Ugandans (20m) are now financially included, up from 77% (14m) in 2018.
2. 64% of adults use digital transfers mainly via Mobile Money
3. Mobile phone ownership is at 72%
4. Ugandans are becoming more urban, from 24% in 2018 to 30% in 2023

CORRIGENDA TO THE BUDGET FOR FY 2024/2025:
PSST Ramathan Ggoobi has confirmed the adjustments in the budget & final wage allocations for FY 2024/25.

He said this has been occassioned by the need to balance the budget (revenue & expenditure) for FY 2024/25 in line with the reality of…

During today's press briefing on Q4 expenditure releases for FY 2023/24,PSST Ramathan Ggoobi asked Accounting Officers to ensure that they pay wages,salaries,pension & gratuity by 28th of every month & also prioritize payment of service providers on time & avoid accumulation of arrears