Parliament on Thursday approved an unprecedented budget of 72.1 trillion shillings for the 2024/25 financial year, marking a significant 32% increase from the 54 trillion shillings initially proposed in the…
Today 16h April 2024, the Hon. Minister of Finance, Planning and Economic Development together with the Hon. Minister of Trade, Industry and Cooperatives and the Hon. Minister of State for…
During a recent media briefing on the state of the economy and the expenditure releases for the fourth quarter of the current financial year (FY 2023/24), the Ministry of Finance,…
By Apollo Munghinda Three key events which happened successively in the recent days have been very instrumental in shaping the narrative about the state of Uganda’s economy with specific reference…
The Ministry of Finance has introduced five new tax Bills to Parliament with the aim of generating enough resources to finance the national budget in the upcoming fiscal year. The…
Government of Uganda is implementing a three-year economic program supported by the Extended Credit Facility (ECF) of the International Monetary Fund (IMF). The program was approved by the IMF Executive…
The value of the Uganda shilling relative to the U.S. dollar continues to decline. In the Thursday trading session, the shilling again closed at a low point, with rates of…
Investors’ confidence increased following Uganda’s removal from the grey list of the Financial Action Task Force (FATF), a global body responsible for combatting financial crimes and terrorism financing. Finance Minister…
Every time the Uganda shilling approaches a round figure exchange rate threshold against the United States dollar, tongues begin wagging. Currently, the shilling is flirting with the UGX4000 mark and…
The Ministry of Finance Planning and Economic Development has revised the budget estimates for the financial year 2024/25 upwards from 52.7 trillion shillings to 53.3 trillion shillings.