East Africa's economies - Kenya, Uganda, Tanzania and Rwanda - may need to do more than just present their budgets simultaneously if they are to draw the foreign investment they need to wean themselves off aid.
Hardships. School administrators cite delay in releasing funds and failure to increase budgetary allocation to the education sector as challenges they have been facing in the past.
With an enrollment of 3, 000 students, one would easily think Soroti High School proprietors are reaping big. But Mr Samuel Ediu, the head teacher regrets why he partnered with the government to implement Universal Secondary Education (USE) as the school grapples with underfunding.
Budgets announced yesterday across the East African Community (EAC) remained firmly expansionary, with governments placing growth and social transformation at the top of the fiscal agenda. According to budgets for FY14 jointly published by EAC countries, government deficits will average 6.1% of GDP in the three countries rated by Fitch in the region, Kenya ('B+'), Uganda ('B') and Rwanda ('B').
The 2013/2014 Budget presented to Parliament by Finance Minister Maria Kiwanuka shows a 50 shillings additional excise duty on fuel.
This additional fuel levy was identified and proposed by the presidential advisory committee on the budget. Road users including passengers, drivers, motorcyclists and other have expressed their views and worries on the additional levy saying that it is going to have a tall on their income.
President Yoweri Museveni has lashed out at some members of the donor community over the recent aid cuts. Several development partners withdrew aid to Uganda over increased mismanagement of funds in many government departments.
NAIROBI, June 13 (Reuters) - Kenya will ask for more cashfrom its wealthy citizens through a capital gains tax while Uganda will increase taxes to make up for falling donor support,the finance ministers...
Finance minister, Ms Maria Kiwanuka yesterday read the 2013/14 national Budget, outlining recruitment of health workers, improving infrastructure and eradicating malaria as key priorities for the health sector.
While the Minister of Finance, Ms Maria Kiwanuka, has announced increase in taxation as a way of expanding Uganda’s tax base, business analysts and economists say more comprehensive approaches should have been undertaken.
Finance minister Maria Kiwanuka will today unveil a budget believed to have been derived from tough decisions as President Museveni’s government seeks to convince Ugandans that there are no easy solutions to a deepening cash crisis worsened by an aid freeze resulting from wanton theft of government resources at the Office of the Prime Minister.
Increasing funding for education, Health and Agriculture is dominating the wish-list for majority of residents in Masaka district. Finance Minister Maria Kiwanuka presents the National Budget estimates for 2013/2014 before parliament today.
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