Led by the Minister of State for Planning David Bahati and the Minister of State for Higher Education John Chrysostom Muyingo, the officials appeared to justify the need for government to procure 9 million radio set receivers as one of the strategies of supporting long-distance learning given that schools are closed due to Covid-19 pandemic.
Members of Parliament sitting on the Budget Committee today unanimously agreed to approve a supplementary budget allocation of 2.657 billion Shillings to enable the Ministry of Foreign Affairs establish an Embassy of Uganda in Angola.
Domestic Borrowing is done through the issuance of government securities like treasury bills which are short term debt instruments with tenures ranging from 91, 182 and 364 days and treasury bonds with a maturity period of more than a year.
David Bahati, the Minister of State for Planning presented the request to Parliament's Budget Committee on Tuesday afternoon The bulk of which is for purchasing radio sets for all households in the country
State Minister for Finance David Bahati says that despite numerous reforms, domestic revenue mobilization is still below the economy’s potential, yet Uganda’s public expenditure is growing at a faster rate, and the public dent stock increasing significantly.
Hellen Kawesa, the Deputy Director of Communications and Public Affairs (CPA) Department of Parliament, says there is need for the review for the growth of Parliament, changing trends, growth in the number of MPs, research and study.
Cecilia Ogwal, the Dokolo Woman Member of parliament, said people have previously donated generously towards government programs. She wondered why the government chose to only exempt taxes for those who donated towards Covid-19 and leave out others.
Ruhinda North MP Thomas Tayebwa says that many businesses are facing challenges accessing loans because of the COVID-19 risks, and fears that as the government moves to borrow, many banks will withhold money from Ugandans with the hope of lending to the government.
Under the Bill, the government sought to defer payment of income tax for companies and other persons involved in the business of manufacturing, tourism and floriculture, whose turnover is less than 500 million Shillings. It also sought to defer payment of tax on employment income and waive interest on tax arrears.
Uganda and DRC entered a bilateral agreement to implement strategic infrastructure projects which includes constructing the road from Kasindi to Beni measuring about 80 kilometres, Beni to Butembo measuring 54 kilometres and the Bunagana border to Ruchuru-Goma road which measures 89 kilometres.
According to the breakdown, Shillings 1.1 trillion is going to the Defense and Veterans Affairs Ministry for classified expenditure while State House will also get Shillings 450 Billion for classified expenditure.
But Asuman Basalirwa, the sole representative of the Justice Forum in Parliament says that distribution of the money should not be based on the numerical strength of the party. Basalirwa argues that the law, says that the law says the money should be distributed equally.
This is followed by aspirants under the National Unity Party (NUP) led by Kyadondo East MP Robert Kyagulanyi Ssentamu with 10 candidates, and the Forum for Democratic Change (FDC) and the National Resistance Movement (NRM) with nine candidates each.