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May 3 results
13:05
13:05

Gov’t Lacks Work Plan for UGX 200b Withdrawn From Petroleum Fund 1

Section 59 (3) of the Public Finance Management Act, 2015 (PFMA), provides that petroleum revenue is to be used to finance infrastructure and development projects only.
15:44
15:44

Auditor General Queries Absence of Petroleum Investment Framework Petroleum Fund 4 1

The Auditor General John Muwanga noted that although the government appointed the Investment Advisory Committee (IAC), there is no approved Petroleum Revenue Investment Policy (PRIP) and Investment framework to guide operations of the petroleum revenue.
19:20
19:20

Petroleum Fund Exhausted –Minister Bahati 2 1

Bahati told MPs that there is no money in the Petroleum Fund and therefore government cannot appropriate what it does not have.
May 3 results