Keith Muhakanizi

MPs accuse officials of Uganda’s missions abroad of not remitting collected funds

MPs accuse officials of Uganda’s missions abroad of not remitting collected funds

Members of Parliament have put Uganda’s missions abroad  on the spotlight over their failure to  remit  funds collected from the sale Visas and rental fees of the country’s properties abroad to the consolidated fund. The MPs says officials in these missions bank the collected funds from the Non Tax Revenue but that these funds do […]

Finance ministry shifts to integrated economic model to save economy

Finance ministry shifts to integrated economic model to save economy

Following a global shift in economic pattern, the Ministry of Finance has announced  that it has  launched an integrated economic model that can help turn around Uganda’s economy. Currently the ministry of finance has been using finance programming model which had less sensitivity to final impact of the micro-economic policies. Speaking during the launch of […]

Muhakanizi faces MP’s wrath over government departments diverting funds.

Muhakanizi faces MP’s wrath over government departments diverting funds.

The Secretary to Treasury, Keith Muhakanizi, recently faced rough time from Members of Parliament on the Parliamentary Public Accounts Committee (PAC) over the government entities that divert funds from the budgeted items to unbudgeted ones without Parliament’s approval. This came up as MPs sitting on (PAC) noted that in the financial year 2014/15, at total […]

Finance Ministry not ready to release 16 billion to Makerere staff

The deputy secretary to treasury mukahanizi Keith says he can’t release 16 billion shillings to the striking Makerere university lectures as ordered by the president. In one of the letter to the lecturers, president Museveni has ordered the treasury to pay the lecturers 16 billion shillings provided the university withdraws a suit against the National […]

Finance Ministry sets new guidelines for capitation grants

The ministry for finance has come up with new guidelines aimed at ensuring that capitation grants for both primary and secondary schools aided by government reach on time without delays. According to the deputy secretary to treasury Keith Muhakanizi, the ministry has reviewed the method of remitting money to schools whereby instead of sending it […]

Uganda to use tax payments from Tullow Oil Company to finance the construction of Karuma Dam

The Government of Uganda is planning to use tax payment from Tullow oil to finance the construction of the much awaited Karuma Dam in northern Uganda. Kaith Muhakanizi, the deputy secretary to the treasury while addressing journalist said that the government’s position is to use the money to build the proposed Dam that has had […]