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May 12 results
07:32
07:32

Ezra Suruma: Trim Presidential Powers In Public Finance Bill 2

Now Suruma says the changes majorly targeting the management of oil revenues are merely cosmetic and require a stricter eye before the bill can be tabled for debate in Parliament.
08:15
08:15

Cabinet To Revisit Public Finance Bill oil revenues

The Deputy Chairperson of the National Resistance Movement Parliamentary caucus David Bahati has said that cabinet will review the public finance Bill currently before Parliament to settle the issue of royalties. The bill seeks to ensure prudent public financial management notably the management of the revenues accruing from the oil and gas industry.
16:48
16:48

MPs Challenged to Ensure Transparency in Oil Sector public finance bill 2

Members of Parliament on the Parliamentary Forum of Oil and Gas-PFOG say they will work towards ensuring that there is transparency and accountability in the oil and gas sector in order to avoid the resource curse.
10:25
10:25

Institute of Certified Public Accountants Pushes for Appointment of Budget Controller public finance bill 2

According to the Institute, the office of the budget controller shouldn’t be dependent on any political decision to allow it operate efficiently.
07:07
07:07

Ad hoc Committee Advocates For Separate Law for Oil Cash oil revenues

During its investigations, the committee discovered that government has already received 580 million US dollars from the sector through license fees, signature bonuses, taxes, royalties and state participation.
17:03
17:03

MPs Clueless As Government Presents New Bill on Oil Cash public finance bill

The proposed amendments were tabled before the three committees tasked to scrutinize the bill on Tuesday by Lawrence Kiiza, the director economic affairs at the ministry of finance.
18:52
18:52

Maria Kiwanuka: Public Finance Bill Will Ensure Prudent use of oil Money oil revenue

She says once passed into law, the public finance bill will mandate the Auditor General to audit oil revenues twice every year, which she believes will enhance transparency and accountability.
05:09
05:09

Experts Query Usefulness Of Uganda's Foreign Reserves Amidst Poverty public finance bill 1

Experts on Uganda’s economy have questioned the usefulness of having billion of shillings saved in a foreign reserve fund while sections of the citizen continue to live in poverty, others dying due to lack of sufficient health care.
08:03
08:03

5 Parliamentary Committees To Scrutinise Finance Bill public finance bill

Five committees of parliament have been tasked to examine the Public Finance Bill before it comes up for the second reading and subsequent debate in the House. The bill which among others seeks to manage the revenues from oil resource was tabled last year and it was referred to the committee on finance for analysis.
18:00
18:00

Public Finance Bill Weak - Suruma bank of uganda 1

Former Finance Minister Ezra Suruma has criticized the Public Finance Bill that seeks to manage revenue from the recently discovered oil in the country saying it is a recipe for corruption.
14:18
14:18

Finance Minister Rejects Calls for Separate Law On Oil Revenue Management public finance bill 3

The Petroleum Revenue Management contained in Part VII of the Public Finance Bill is expected to govern the collection and use of money from the oil industry.
14:22
14:22

Ezra Suruma Fears Corruption Will Deplete Oil Revenue dr ezra suruma 2

Dr Ezra Suruma, who now works as a Presidential Advisor on Finance and Economic Planning, said his experience shows that the country currently has no institutions with the capacity to properly manage public funds. He cited the Commonwealth Head of Government Meeting (CHOGM), the recent Identity Cards project and Global Fund scandals where billions of shillings was misappropriated, as examples to show that the oil revenue could also be wasted.
May 12 results