Eyewitness  News
  • Home
Monday, May 16, 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

NPA Asks Govt to Suspend New Road Constructions

Admin by Admin
October 20, 2021
in ECONOMY
Reading Time: 2 mins read
0
1.4k
VIEWS
Share on FacebookShare on Twitter

NPA Asks Govt to Suspend New Road Construction

By Admin

The National Planning Authority (NPA)has asked the government to suspend new road construction projects for four years and concentrate available resources on the ongoing projects in order to manage the current meltdown of the economy caused by the devastating effects of Covid-19.

The Committee of the budget has tasked the government to set targets for revenue collection at a 16% tax to GDP ratio in order to generate revenue to service the widening public debt which stands at 52.7% debt to GDP ratio.

While appearing before the committee of budget to give their opinion on the government’s charter for fiscal Responsibility,  the National Planning Authority has advised the government to suspend construction of new roads and concentrate on finishing the ongoing projects following negative effects of the Covid -19 pandemic that disrupted the economy and revenue mobilization.

Dr. Joseph  Muvawala the executive director of the National Planning Authority told the parliamentary committee of the budget that the government can’t manage to implement roads which are in pipeline.

The committee registered concerns to learn that the charter of fiscal Responsibility is not committal to addressing  Uganda’s widening public debt which stands 52.7% above the threshold. The debt is planned to get worse in the next financial year at 53.1 before getting better in the 2025/2026 financial year at 49% MPs. Have tasked government to find new strategies of revenue mobilization and suspend borrowing for recurrent expenditure.

The Budget Committee has asked the government to set revenue targets for each financial year and commit to implementing them after realizing that the Charter of Fiscal Responsibility doesn’t provide for measurable objectives on revenue mobilization. Uganda is currently at a 14.5% tax to GDP Ratio but MPs want a target to be set at 16%.

The executive director of Civil Society Budget Advocacy Group Julius Mukunda also appeared before the committee and asked members to put safeguards to prevent the government from deviating from the Charter of Fiscal Responsibility.

 

 

 

Previous Post

Uganda Loses 20 Trillion to Corruption Annually -IGG

Next Post

COSASE Pins UCAA Boss for Cutting His Age for a Job

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
COSASE Pins UCAA Boss for Cutting His Age for a Job

COSASE Pins UCAA Boss for Cutting His Age for a Job

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
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
Speaker Among Cautions MPs on Delayed Coffee Report

Speaker Among Cautions MPs on Delayed Coffee Report

May 10, 2022

Recent News

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
Speaker Among Cautions MPs on Delayed Coffee Report

Speaker Among Cautions MPs on Delayed Coffee Report

May 10, 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

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
  • 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 !!