The acting Secretary to the Treasury, Patrick Ochailap says that the current budget and the other spending forecasts were made just before the second lockdown was announced earlier this month, adding they could not have predicted the future.
Deputy Governor Atingi-Ego warns that the country is sitting on the edge, and that if any large-scale emergency happened, it would not be able to respond due to lack of funds.
Wamala says that he had just cleared rent of Shillings 500,000 when he was asked to remove his merchandise and the stall taken away. Seated on the verandah where he used to work, Wamala wore a confused face, saying he was uncertain how he would fend for his family now that his job is no more.
According to Uganda Revenue Authority-URA, it has also made changes in the existing TIN application form to improve the experience of their clients and attend to the changes in the tax regime, technology and the business environment.
The countries continue to rely heavily on borrowing although some, like Uganda, intend to reduce how much they borrowed this year. In total, the countries plan to borrow more than USD 18 billion, to fund the turnaround of the economies battered by COVID-19, as well as ongoing and new infrastructure projects, among other areas.
Under the budget, 7.7 trillion Shillings has been earmarked for Human Capital Development; 6.9 trillion for peace, security and good governance interventions; 5.1 trillion for development of integrated transport infrastructure.
According to Amos Lugoloobi, agro-industrialization will be achieved through different strategic actions including developing Commodity Value Chains linking national, regional, district and sub-county level commodity off-takers to private nucleus farmers.
According to Ismail Mulindwa, the director Basic and secondary education, they have managed to coordinate as relevant ministries of education, transport ,health and police to ensure that they clear the increasing numbers of learners without discriminating the non students found among students before the set deadline.
In a June 7 letter to Kyagulanyi’s lawyers led by Anthony Wameli, the URA Commissioner General John Musinguzi Rujoki, said that they had received instructions from the president to return the vehicle to the owner immediately.
Sekandi, a manager at Namayiba bus terminal, says that the amount of money has definitely increased, for example, a trip from Kampala to Gulu now costs between Shillings 160,000 and 170,000 from Shillings 40,000 previously. Kampala to Lira now costs between Shillings 100,000 and 150,000 from the normal fare of Shillings 40,000.
However, this growth is threatened by the slow progress in the COVID-19 vaccination compared to other countries, according to the Bank’s 17th Uganda Economic Update titled; "From Crisis to Resilient Green Growth: Investing in Sustainable Land Management and Climate Smart Agriculture"
Frank Mugisha, Acting Commissioner Petroleum Exploration, Development and Production Department says that after the tour of the five blocks, the companies will have up to 30th June to submit their applications, without any further deadline extension.
In the current five-year Domestic Revenue Mobilisation Strategy, DRMS, the government sets a target for URA, of collecting revenues amounting to between 16 and 18% of the Gross Domestic Product.
The government was forced to revise the revenue collection target for this year from Ushs 21.8trillion, which would be 14.3 percent of the GDP, to 19.6trillion.