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national budget

MPs react to 2015/2016 budget

MPs react to 2015/2016 budget

Members of Parliament have reacted differently to the National budget worth 24 trillion shillings. This budget moved from 14.9 trillion shillings to 24 trillion shillings giving hope to many MPs that it will help to improve the Uganda’s economy and tackling the issues related to wealth creation. The budget is highly consumed by the energy sector, defence, […]

National budget for FY 2015/2016 up 5 trillion

National budget for FY 2015/2016 up 5 trillion

The national budget for the financial year 2015/2016 has been hiked from 18.8 trillion shillings to 24.1 trillion shillings. The new proposals in the budget have been tabled before Parliament by the State Minister of Finance in charge of Planning, David Bahati. The chairperson Budget Committee of Parliament, Amos Lugolobi, says that the money added will settle the […]

Government fixes interest rates on bank loans

The government ofUgandahas agreed with commercial banks to fix interest rates to be charged on money given out to the youth in form of loans. The minister ofUgandafor Finance Minister, Maria Kiwanuka says that the banks will charge 15% for a period of six months. Some of the banks the government has agreed with include […]

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