Matia Kasaija

Section 25 (1) of the Public Finance Management Act (PFMA) 2015 provides that the Minister may approve a supplementary budget of up to 3 per cent of the appropriated budget but is required to seek retrospective approval from parliament…

While announcing the rate, Finance Minister Matia Kasaija said that although there is a drop in the rate, other fundamentals indicate that the fund was still performing better than it did previously

Much of Kasaija's national budget speech is already known since Parliament already passed the national budget on May 24.

Uganda needs at least $3.2 billion for the SGR leg to Kampala. Some land owners from Malaba to Iganga have been paid to give way for the line, according to Kasaija.

The government has up to March 30 to pay up or risk having the jets sold off upon failing to pay the principal amount and surcharges including parking and insurance fees.

The Auditor General’s latest report that is before Parliament puts Uganda’s public debt at Shs 41.3 trillion as at June 30, 2018, an increase of Shs 32.3 trillion in 10 years since the 2006/2007 financial year with about 32.4 percent…

This follows media reports quoting the State Minister of Finance (Planning) David Bahati as saying that President Yoweri Museveni had issued a directive to ban all sports betting companies.

The media last week was awash with reports that Uganda’s public debt had reached worrying levels after the Auditor General reported that the debt had moved within 9 percentage points of the IMF threshold.