The state minister for finance, Fred Omach has revealed that the cabinet meeting resolution of slashing taxes on imported sugar by 100% is to stay for only six (6) months as govt monitors the situation. Addressing reporters today in Kampala, Omach states that they will keep a close watch on how prices for sugar will move but notes that the current […]
Members of Parliament are urging government to put a price ceiling on all basic commodities. The call comes following announcement by government to reduce taxes on sugar imports by 100%. Addressing journalists at Parliament today, the Kampala Central MP, Nsereko Mohammed said it is not enough to cut taxes but this should be extended to […]
The holding of the 2012 census is in balance due to government failure to provide 27.5 billion shillings for the exercise. The minister of state for finance Fred Omach and the Executive Director UBOS Male Mukasa told mps on the finance committee that government has only 19 billion out of 46.5 billion shillings required for […]
Parliament has approved the expenditure of 2.8 trillion shillings as vote on account for the financial year 2011/2012. The funds will cover expenditures for both the central and local government for the first quarter of the new financial year that commences July 1. Vote on account constitutes 1/3 of the funds approved in the national […]