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@kfm Mon, 18 Dec 2023 13:55:23
Govt to borrow Shs13 trillion to fund next financial year’s budget
The Minister of State for Finance (General Duties), Mr Henry Musasizi tabled the 2024/25 National Budget Framework Paper, highlighting government’s intention to borrow over Shs13 trillion to fund the Shs52.722 trillion budget. The Minister revealed that the projected budget for 2024/25 would amount to Shs52.722 trillion, compared to the Shs52.736 trillion approved budget for financial year 2023/24, thus indicating a decline of Shs14.10 billion. “The total resource envelope of Shs52.722 trillion is comprised of domestic revenues equivalent to Shs 29.957 trillion, budget support amounting to Shs 28.94 billion, domestic borrowing amounting to Shs 4.116.02 billion, external project support worth Shs8.876.87 billion, while domestic refinancing (roll-over) of Shs9.455Trn and local revenue for Local Governments (AIA) of Shs287.10 billion,” the document reads […]
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@chimpreports Mon, 18 Dec 2023 12:56:04
All 10,000 Parishes covered in Shs .4Tn PDM funds – Minister Magyezi
The Minister of Local Government, Raphael Magyezi, has revealed that all the 10,594 Parishes, including those in Karamoja Subregion, have received funds for the Parish Development Model (PDM). PDM, which is a Government-poverty-eradication-and-job-creation programme, launched by President Museveni in February 2022, aims to boost household incomes as well as the development of microenterprises. The Programme …
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kfm.co.ug
@kfm Mon, 18 Dec 2023 13:26:48
SMEs urged to utilize tariff-free regional markets
The director general of Uganda Investment Authority-UIA, Robert Mukiza, has advised Small and Medium Enterprises (SMEs) to look at growing their market beyond Uganda. He made the remarks at the grand awarding ceremony for SMEs in Kampala sponsored by Stanbic Incubator in partnership with the US African Development Foundation. The two partners have pledged two million US dollars in a project that will run for five years with the aim of supporting SMEs struggling financially. Mukiza said Uganda has a small population compared to the regional market especially the East African Countries, urging entrepreneurs to utilize the tariff-free regional markets to increase their ambitions and expand their businesses. “My message to SMEs is that once you start working look at […]
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