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Kasaija: EC Must Cut Its Budget Because Gov’t is Struggling Financially

The Electoral Commission has to revise their budget ahead of 2021 General Elections  because Government is facing financial constraints after failing to meet  the projected revenue target in 2019/2020, Matia Kasaija (pictured), the Minister of Finance, Planning and Economic Development, has said.  Minister Kasaija made the revelation today while appearing

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BankingFeaturedNews

MPs Question BoU’s Shs482bn Recapitalization Request, Mutebile Summoned

The Bank of Uganda (BoU), the country’s Central Bank is Shs481.7bn recapitalization in the 2020/2021 National Budget in order to execute its mandate of ensuring macro-economic stability. However, lawmakers on Parliament’s Budget Committee are not contented with constant recapitalization of the Bank. They have since summoned Prof.  Emmanuel Tumusiime-Mutebile (pictured),

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