In his presentation, Ayota said that the current NSSF membership stands at 1.3 million with a historical annual growth of 140,000 members. The Fund portfolio stands at 17.9 trillion Shillings. He said 78 percent of this is fixed income assets, 15 percent equity instruments, and 7 percent real estate.
Read more ...According to CSBAG, understaffing and failure to fill critical positions in Local Governments such as heads of Departments are one of the major factors hindering quality and timely service delivery.
Read more ...Mpuuga said that it is the opposition's duty to deeply study the prepositions of the government, put some level of imagination and perspective on them and be able to produce alternatives.
Read more ...According to the proposed Budget Framework Paper, KCCA has an allocation of 403 billion, a funding reduction compared to the Authority's current financial year 2022/2023 budget of 504 billion.
Read more ...The money equivalent to 17.08 million US Dollars was recorded as a loss in the process of converting money from the Special Drawing Rights (SDR), an accounting unit for transactions with member countries of the International Monetary Fund, to an acceptable currency.
Read more ...In the current financial year 2022/2023, the State House received 434.4 billion Shillings and it is proposed to receive 419.9 billion next financial year.
Read more ...While presenting the budget execution challenges in the current financial year, Tom Richard Atim, the Lira University Planning Manager noted the lack of Research and Innovation funds continues to challenge the institution.
Read more ...Documents before the Finance Committee indicate Agro-processing, charitable organizations, commerce and industry, farming association, SACCOs, tourism associations, trade unions, exporters of 80 percent of products, education public character, and others as some of the categories are benefiting from tax exemptions.
Read more ...Micheal Atingi-Ego, the Deputy Governor of the Bank of Uganda told the finance committee of Parliament that the money remained outstanding at the end of 2021, mainly because the government could not raise sufficient revenue to clear the securities that had been held to maturity during the COVID-19 lockdowns.
Read more ...State Minister for Finance Henry Musasizi said several challenges have resulted in a rise of public debt and its servicing costs and to adapt to this environment, the projected resource envelope for the next financial Year budget has reduced by 2.54 trillion Shillings from 25.402 trillion in the current financial year to 22.86 trillion.
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