The Financial Action Task Force (FATF), a global body mandated to lead action to counter threats of abuse of the financial system by criminals and terrorists has today Friday, February …
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By Ramathan Ggoobi Many people, especially non-economists, often wonder why economists emphasise GDP more than any other economic concept. It is not uncommon to hear people wondering, “Are we going …
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Inflation is the general increase in the prices of goods and services in the country. It is typically measured by an annual percentage change in the price index such as …
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In a press briefing on Monday, January 29, 2024, Ramathan Ggoobi, the Permanent Secretary/Secretary to the Treasury, unveiled a robust update on Uganda’s economic performance and the fiscal trajectory for …
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Despite the restrictive credit, monetary and fiscal conditions from both the domestic and external economic environments, which have constrained aggregate demand, the economy remains resilient, says Bank of Uganda. The …
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FinanceLatest NewsNews
Uganda earmarks Shs21T of Shs52.7T budget estimate for FY2024/25 for spending
The Government has commenced the budget approval process for the financial year 2024/2025 by tabling before Parliament the budget estimates of the National Budget Framework Paper amounting to Shs52.7 trillion. …
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Uganda’s Planning And Budgeting Process Is Participatory And Inclusive
By Apollo Munghinda The Planning and Budgeting process for each financial year is done in accordance with Article 155 (1) of the Constitution of the Republic of Uganda and Section …
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The Parliamentary Committee on National Economy will scrutinise government proposals to borrow funds to upgrade roads and finance the Climate Smart Agricultural Transformation Project. The requests were tabled before Parliament …
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Finance Minister, Matia Kasaija, has declared a 10% interest rate for the National Social Security Fund (NSSF) savers for the Financial year 2022/2023. The NSSF savers’ interest rate for the …
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Two private businesses, Biyinzika Enterprises and Dei Group of Companies, have recently had their assets advertised in the newspapers destined for public auctions. This happens when borrowers have defaulted on …