Eyewitness  News
  • Home
Tuesday, May 17, 2022
  • Login
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
No Result
View All Result
Eyewitness  News
No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
Home ECONOMY

Gov’t to Cancel Shs4.2Trn Idle Projects

Admin by Admin
January 21, 2022
in ECONOMY
Reading Time: 2 mins read
0
1.4k
VIEWS
Share on FacebookShare on Twitter

Gov’t to Cancel Idle Shs4.2Trn Projects

The Ministry of Finance has revealed plans to cancel 17projects to a tune of Shs4.2Trn after staying idle for long without completion and takeoff.

The plan was revealed by Henry Musasizi, State Minister for General Duties at the Ministry of Finance while appearing before Parliament’s Budget Committee to officially present the 2022/2023 national budget framework paper before Parliament’s Budget Committee.

The Ministry of Finance carried out an assessment of project performance in order to ascertain non-performing projects. The Ministry admitted before the budget committee of parliament that 17 externally financed project portfolios have been faced with a number of challenges like an increase in direct costs of non-performing projects which informed the decision to cancel them

This revelation prompted MPs Muwanga Kivumbi (Butambala County) and Barnabas Tinkasimiire (Buyaga East) who tasked the Ministry to table the list of the contracts that are headed for cancellation and what happens to the funds already spent on these projects. The task force revealed all the projects to be canceled.

Ramathan Ggoobi, Secretary to Treasury however called out the hypocrisy shown by the MPs wondering why they are complaining about stalled projects but they are also protesting reports on impending cancellation saying, the cancellation or renegotiation is intended to give Ugandans better projects.

Budget committee members have raised concerns with the 465.4bn shillings which have been allocated to the parish development model saying it’s too little to run the project which is the priority to drive the socio-economic transformation agenda. Each of the 10595 parishes in the country was promised 100 million shillings which tally to 1.05 trillion shillings but only 465.4bn has been earmarked for the parish model.

Committee members have protested the reallocation of 205.5bn shillings from wealth funds including Women Enterprise Program (UWEP), planting materials under NAADS, Luweero-Rwenzori, PRDP, and Coffee seedlings under UCDA to fund the Parish Development Model, saying PDM should not come at a cost of other programs.

 

Previous Post

Uganda Faces Financial  Sanctions Over Money- Laundering

Next Post

Report On Fuel Crisis is Ready –MP Mpaka

Related Posts

MPs Call For an Audit of The Consolidated Fund
ECONOMY

MPs Call For an Audit of The Consolidated Fund

May 10, 2022
0

MPs Call For an Audit of The Consolidated Fund. Opposition Raises a Red Flag on Widening Public Debt. The budget...

Read more
Debt Repayment Takes 35% of the 2022/23 Budget.

Debt Repayment Takes 35% of the 2022/23 Budget.

April 27, 2022
URA To Forego 4.3TN Due To Underfunding 

URA To Forego 4.3TN Due To Underfunding 

April 11, 2022
Gov’t presents 2022/2023 Budget estimates

Gov’t presents 2022/2023 Budget estimates

March 31, 2022
Government Launches Parish Development Model

Government Launches Parish Development Model

February 27, 2022
MPs Quiz URC On Non-Remittance Of Shs2.8Bn Staff NSSF Savings

MPs Quiz URC On Non-Remittance Of Shs2.8Bn Staff NSSF Savings

February 17, 2022
Next Post
Report On Fuel Crisis is Ready –MP Mpaka

Report On Fuel Crisis is Ready –MP Mpaka

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
MPs – Reaction to The State of Nation Address

West Nile MPs, Govt Chief Whip Clash Over Electricity in the Region

September 11, 2021
Phaneroo Boss, Sudhir Grilled Over Nakawa Land

Phaneroo Boss, Sudhir Grilled Over Nakawa Land

April 22, 2022
Adjumani East MP  Mamawi-Speaks Out on Charcoal Theft -Claims

Adjumani East MP Mamawi-Speaks Out on Charcoal Theft -Claims

March 16, 2022
Spice Diana Roasted Alive By Fans on Social Media For  Being A Covid -19  Potential Carrier

Spice Diana Roasted Alive By Fans on Social Media For Being A Covid -19 Potential Carrier

March 24, 2020
Budget Advocates Concerned With New Wave Of Corruption In Govt.

Budget Advocates Concerned With New Wave Of Corruption In Govt.

1
Musoke Ibrahim a father to Rahim who is now eight years

Being A Good Father Does Not Mean Money But Love & Care

1
URBRA Cautions On NSSF Mid-Term Access 

URBRA Cautions On NSSF Mid-Term Access 

1

Hello world!

0
Rice Traders Decry Unfair Taxes

Rice Traders Decry Unfair Taxes

May 16, 2022
Gov’t Urged to Create an Ambulance Body 

Gov’t Urged to Create an Ambulance Body 

May 13, 2022
The President Seeks 83bn for Donations

KCCA Speakers Seek Remuneration 

May 12, 2022
Heart institute Grilled Over Undeclared Donor Funding

Heart institute Grilled Over Undeclared Donor Funding

May 11, 2022

Recent News

Rice Traders Decry Unfair Taxes

Rice Traders Decry Unfair Taxes

May 16, 2022
Gov’t Urged to Create an Ambulance Body 

Gov’t Urged to Create an Ambulance Body 

May 13, 2022
The President Seeks 83bn for Donations

KCCA Speakers Seek Remuneration 

May 12, 2022
Heart institute Grilled Over Undeclared Donor Funding

Heart institute Grilled Over Undeclared Donor Funding

May 11, 2022

Eyewitnessug.com is Licensed by Uganda Communications Commission (UCC) Under Dominion Media Limited.

Dominion Media Limited is registered by Uganda Revenue Authority.

For Advertisement Reach out to Marketing Department via.
Email: [email protected]

Contact us through our Postal Address.
P.O.BOX 21157 Kampala-Uganda.

Browse by Category

  • Agiriculture
  • Agriculture
  • Business
  • Development
  • Diplomacy
  • ECONOMY
  • Editor's Pick
  • Education
  • Entertainment & Arts
  • Enviroment
  • Faith
  • Feature News
  • Governance
  • Health
  • International
  • Latest News
  • obituary
  • Opinion
  • Politics
  • Politics
  • Security
  • Social
  • Sports
  • Technology
  • Tourism

Recent News

Rice Traders Decry Unfair Taxes

Rice Traders Decry Unfair Taxes

May 16, 2022
Gov’t Urged to Create an Ambulance Body 

Gov’t Urged to Create an Ambulance Body 

May 13, 2022
  • Home

© 2021 Allrights Reserved EYEWITNESS NEWS UGANDA

No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International

© 2021 Allrights Reserved EYEWITNESS NEWS UGANDA

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
error: Content is protected !!