Finance Minister Matia Kasaija who is attending the 2024 Islamic Development Bank Group Annual Meetings in Riyadh,Saudi Arabia (27-30 April,2024) has signed a financing agreement with the President of IsDB Group H.E Dr Muhammad Al Jassar worth USD 295 million for upgrading of

Finance Minister Matia Kasaija has today received the report on compliance of the national budget estimates and ministerial policy statements with gender and equity requirements for the FY 2024/25 from Equal Opportunities Commission chairperson Hon.Sofia Nalule Juuko.

The Equal Opportunities Commission chairperson informed the

WAGE BUDGET & KEY EXECUTION ISSUES FOR FY 2024/25:

Deputy Secretary to the Treasury, Patrick Ocailap on behalf of the PSST Ramathan Ggoobi has issued a circular to all Accounting Officers (Central & Local Government) on issues of the wage budget.

This follows the completion of the

FOURTH NATIONAL DEVELOPMENT PLAN (2025/26-2029/30):
Minister of State for Planning Amos Lugoloobi yesterday met National Planning Authority 🇺🇬 team at Protea Hotel,Kampala to discuss the next steps & processes to deliver the fourth national development plan (NDPIV). This follows the approval of the

Statement by Finance Minister Matia Kasaija following the meeting with Traders.
Ministry of Finance

This is not true. Please Ugandans ignore. The New Vision please remove this misinformation, and sanction your people. The economy is not for populism and headline hunters.

According to the Performance of the economy monthly report for March 2024,the Ugandan shilling traded at an average mid-rate of Shs 3,895.8/USD in March 2024 from Shs 3,873.6/USD in February 2024,and thus a depreciation of 0.6%.
This is a slowdown from the depreciation of 1.8%

'Whereas the recent debate focused on the rising debt levels, it’s worth noting that Uganda’s fiscal deficit has been reducing from 9.0% of GDP in FY 2020/21 to 5.5% in FY 2022/23 and is projected to reduce further to 3.8%,' writes Apollo Munghinda

businesstimesug.com/ugandas-debt-r…

We are moving:
1. 81% of adult Ugandans (20m) are now financially included, up from 77% (14m) in 2018.
2. 64% of adults use digital transfers mainly via Mobile Money
3. Mobile phone ownership is at 72%
4. Ugandans are becoming more urban, from 24% in 2018 to 30% in 2023

Deepening Fiscal Consolidation Agenda.
#Reality

During today's press briefing on Q4 expenditure releases for FY 2023/24,PSST Ramathan Ggoobi asked Accounting Officers to ensure that they pay wages,salaries,pension & gratuity by 28th of every month & also prioritize payment of service providers on time & avoid accumulation of arrears

PSST Ramathan Ggoobi now addressing the Press on Q4 expenditure releases FY 2023/24.

He says the economy is on track to achieving 6.0% growth projected for this FY,adding that economic activity has remained on the recovery path during the first half of this FY.

Ramathan Ggoobi said

PRESS BRIEFING:
PSST Ramathan Ggoobi will tomorrow Friday 12th April,2024 brief the Press on the 4th Quarter (April-June 2024) expenditure limits FY 2023/24,the performance of the economy and other key policy issues of budget execution.
The New Vision Daily Monitor UBC UGANDA

Public debt,why Gov't keeps borrowing and issues of debt sustainability.

Thank you The New Vision

#EidMubarak

From us to the entire Muslim world, Eid Mubarak. عيد مبارك

Not true. The proposal is to add Shs 100 per litre of diesel/petrol, and Shs 300 per litre of Kerosene (intended to mitigate adulteration of petrol & diesel using cheaper kerosene). So it’s NOT true that GoU is proposing levying a whopping Shs 1550 per litre. Please correct it.

PSST Ramathan Ggoobi has spoken about the recent debate in Parliament of Uganda & related media reports about the proposed reduction of Parliament of Uganda budget next FY by Ministry of Finance

Speaking on 933 KFM #KFMVPN this morning Ramathan Ggoobi said budgets for Statutory Institutions including Parliament of Uganda

On the issue of public debt which is now about shs.93 trillion by December 2023, PSST Ramathan Ggoobi while at 933 KFM this morning said this money has been used to fund generation & transmission of electricity,construction of roads across the country including tourism roads,national

PSST Ramathan Ggoobi is this morning on 933 KFM to discuss the performance of the economy,key policy actions & proposed annual budget highlights for FY 2024/25.

Ramathan Ggoobi says the economy is continuing to recover,with macroeconomic stability due to proper coordination of Fiscal &