• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Parliament approves extra Shs4 trillion for 2024/2025 Budget

Parliament approves extra Shs4 trillion for 2024/2025 Budget

March 14, 2025
Kabuye Ronald Pledges to Champion Journalists’ Welfare

Kabuye Ronald Pledges to Champion Journalists’ Welfare

October 25, 2026
Photo exhibition in Kenya to mark 81st anniversary of Taiwan’s restoration

Photo exhibition in Kenya to mark 81st anniversary of Taiwan’s restoration

October 25, 2026
Truck Carrying Fresh Fish Overturns

Truck Carrying Fresh Fish Overturns

October 24, 2026
President Museveni Contributes Shs 300 Million to Bweranyangi Cathedral, Urges Sheema Residents to Embrace Wealth Creation

President Museveni Contributes Shs 300 Million to Bweranyangi Cathedral, Urges Sheema Residents to Embrace Wealth Creation

October 24, 2026
The Uganda shilling experienced another sharply bearish and volatile week against the US dollar

The Uganda shilling experienced another sharply bearish and volatile week against the US dollar

October 23, 2026
Xi Jinping’s new Long March

Xi Jinping’s new Long March

October 23, 2026
PUBLIC NOTICE : Govt Warns Women Against Fake GROW Project Grant Scams

PUBLIC NOTICE : Govt Warns Women Against Fake GROW Project Grant Scams

October 23, 2026
Ministry of Gender  Urges Stronger Action Against Child Labour in Eastern Uganda

Ministry of Gender  Urges Stronger Action Against Child Labour in Eastern Uganda

October 23, 2026
Police recover 40 car batteries in Wakiso theft probe

Police recover 40 car batteries in Wakiso theft probe

October 23, 2026
Police arrest 196 suspects in citywide crime crackdown

Police arrest 196 suspects in citywide crime crackdown

October 23, 2026
Uganda to review business human rights plan as forum targets corporate accountability

Uganda to review business human rights plan as forum targets corporate accountability

October 23, 2026
Konshens Returns to Kampala for December Concert

Konshens Returns to Kampala for December Concert

October 23, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, October 25, 2026
  • Login
Ugnews Line
  • Home
  • News
    • Sports
    • Crime
    • Business
    • Politics
    • Blogs
  • Tech
  • Agriculture
  • Opinion
  • Entertainment
  • Lifestyle
Ugnews Line
No Result
View All Result
Home News Business

Parliament approves extra Shs4 trillion for 2024/2025 Budget

The request came under the auspices of the Supplementary Expenditure Schedule No.3 for financial year 2024/2025 where Shs1.1 trillion was spent under the three per cent provided for under the Public Finance Management Act (PFMA), 2015 whereas Shs3.1 trillion needed prior approval of Parliament.

by Ugnewsline Reporter
March 14, 2025
in Business, News, Politics, World
Reading Time: 3 mins read
A A
0
15
SHARES
83
VIEWS
Share on FacebookShare on TwitterLinkedinWhatsAppEmail

Parliament has approved a supplementary request of over Shs4 trillion that will provide outstanding certificates for road construction companies, security and completion of infrastructure for the hosting of the African Cup of Nations (AFCON) 2027.

The request came under the auspices of the Supplementary Expenditure Schedule No.3 for financial year 2024/2025 where Shs1.1 trillion was spent under the three per cent provided for under the Public Finance Management Act (PFMA), 2015 whereas Shs3.1 trillion needed prior approval of Parliament.

The Minister for Finance, Planning and Economic Development (General Duties), Hon. Henry Musasizi, said this is in line with Section 24 of the PFMA.

The Act provides that where the total supplementary expenditure that requires additional resources over and above what is approved by Parliament, it shall not exceed three per cent of the total approved budget for that financial year, without approval of Parliament.

“We sought and obtained approval from Cabinet to present to this House, the supplementary expenditure amounting to Shs3.1 trillion which is above the three per cent legal limit. It requires prior parliamentary authorisation before the funds are utilised by the respective votes,” said Musasizi.

In a report of the Budget Committee on the supplementary request presented by Hon. Dicksons Kateshumbwa, over Shs257 billion is earmarked for completion of Hoima Stadium, commencement of construction of Akii Bua Stadium and upgrade of facilities approved for hosting AFCON.

The rollout of at least 20 million doses of anti-tick vaccines requires additional funding of Shs60 billion under the National Agricultural Research Organisation (NARO), that is also seeking an additional Shs10 billion to produce and distribute aflatoxin mitigation products.

“The supplementary will enable NARO to roll out the anti-tick vaccine by June 2025 after which the facility will be self-sustainable. The aflatoxin mitigation products are meant to uplift the standard of Ugandan products on the international market,” said Kateshumbwa.

To finance the buyout of Umeme, government requires over Shs725 billion. An additional Shs60 billion is needed to fund Inspire Africa, for completion of standards and certifications, working capital to purchase coffee from farmers, branding and marketing of coffee as well as operational funds to run the factory.

According to the minister, the supplementary budget will be financed through the Petroleum Fund, local revenue, non-tax revenue, domestic and external borrowing.

A minority report presented by Kira Municipality MP, Ibrahim Ssemujju expressed reservations on additional funding of shs298 billion under debt servicing towards Lubowa Hospital..

Ssemujju Nganda alluded to a report of the Auditor General which observed that government failed to conduct adequate due diligence on the agreements and the overall project, which he said raised doubts on the validity of the payments relative to the work completed.

“There is significant risk of financial loss for Ugandans if additional funding is allocated to the project. It is recommended that the project be halted until a special audit report is completed and Parliament can deliberate on the findings,” Ssemujju Nganda said.

He also queried funding worth Shs115 billion paid to re-operationalise Atiak Sugar factory, Shs67 billion for a coffee value addition park in Ntungamo District and the funds required for the Umeme buyout.

“Your duty as colleagues is to subject every single request to the law. Is it unforeseen, is it unavoidable, and is it an emergency? That is the duty you have on behalf of the country,” Ssemujju Nganda added.

Denis Oguzu Lee (FDC, Maracha County) expressed concern over the supplementary request for the Umeme buyout saying a loan request for the same, is still under consideration.

“Umeme has been recovering their costs through feed-in tariffs where they add their costs. Now they are demanding for money from Ugandans when their concession is about to expire, yet this matter has not been resolved to a logical conclusion,” he said.

The Deputy Chairperson of the Committee on National Economy which is considering the loan request, Robert Migadde said the Ministry of Energy and Mineral Development has not presented information required for scrutinising the loan request.

“Ministry of Energy was supposed to produce a report of the Auditor General on how they arrived at the US$190 million loan request, but it has not yet come back to the committee,” said Migadde.

Musasizi, said the supplementary request for the Umeme loan will be managed through borrowing from the domestic market (Stanbic Bank).

The Speaker Anita Among guided that the approval of the supplementary request does not affect the loan request before the committee.

 

Tags: Uganda Parliament
Ugnewsline Reporter

Ugnewsline Reporter

Related Posts

Kabuye Ronald Pledges to Champion Journalists’ Welfare

Kabuye Ronald Pledges to Champion Journalists’ Welfare

by Ugnewsline Reporter
October 25, 2026
0
56

KAMPALA, Uganda (UGNEWSLINE) - Journalists seeking greater professional unity, improved welfare, stronger protection for media practitioners and a more effective...

Photo exhibition in Kenya to mark 81st anniversary of Taiwan’s restoration

Photo exhibition in Kenya to mark 81st anniversary of Taiwan’s restoration

by Xinhua News
October 25, 2026
0
58

NAIROBI, (Xinhua) -- A photo exhibition to mark the 81st anniversary of Taiwan's restoration to China was held on Friday...

Truck Carrying Fresh Fish Overturns

Truck Carrying Fresh Fish Overturns

by Aine Racheal
October 24, 2026
0
67

RUBANDA DISTRICT, (UGNEWSLINE) — Police in Rubanda District are investigating a serious road crash that occurred at Hamurwa along the Kabale–Kisoro...

President Museveni Contributes Shs 300 Million to Bweranyangi Cathedral, Urges Sheema Residents to Embrace Wealth Creation

President Museveni Contributes Shs 300 Million to Bweranyangi Cathedral, Urges Sheema Residents to Embrace Wealth Creation

by Ugnewsline Reporter
October 24, 2026
0
65

ANKOLE, Uganda (UGNEWSLINE) - President Yoweri Kaguta Museveni has contributed Shs 300 million towards the completion of St Peter’s Cathedral...

  • Makerere University’s CEDAT Trains 250 Construction Site Workers

    Makerere University’s CEDAT Trains 250 Construction Site Workers

    25 shares
    Share 10 Tweet 6
  • Makerere’s CHUSS Pledges to Strengthen Collaboration with JICA Program for Japanese Studies

    26 shares
    Share 10 Tweet 7
  • Gov’t, UWASNET Unveil first-ever WASH Impact and Influence Awards’ categories

    37 shares
    Share 15 Tweet 9
  • The search for Miss and Mr University Uganda is Back

    70 shares
    Share 28 Tweet 18
  • The third edition of Business Languages Festival 2025 launched

    30 shares
    Share 12 Tweet 8
Kabuye Ronald Pledges to Champion Journalists’ Welfare

Kabuye Ronald Pledges to Champion Journalists’ Welfare

October 25, 2026
Photo exhibition in Kenya to mark 81st anniversary of Taiwan’s restoration

Photo exhibition in Kenya to mark 81st anniversary of Taiwan’s restoration

October 25, 2026
Truck Carrying Fresh Fish Overturns

Truck Carrying Fresh Fish Overturns

October 24, 2026
  • Trending
  • Comments
  • Latest
Ugandan Veterinary Professionals Petition Government Over “Punitive” Licensing Fee Hike

Ugandan Veterinary Professionals Petition Government Over “Punitive” Licensing Fee Hike

April 30, 2026
Over 500 Students Gather at Gayaza High for 11th Annual School Farm Camp

Over 500 Students Gather at Gayaza High for 11th Annual School Farm Camp

August 23, 2025
Court Declares Mandatory Police Enrollment into Exodus SACCO Unconstitutional

Court Declares Mandatory Police Enrollment into Exodus SACCO Unconstitutional

July 15, 2026
UCE RESULTS: Fort Portal secondary school shines again

UCE RESULTS: Fort Portal secondary school shines again

February 11, 2025
Busoga’s Coffee Farmers Told to Register or Risk Losing Market Share

Busoga’s Coffee Farmers Told to Register or Risk Losing Market Share

1
Members of parliament propose a motion for gov’t to establish waste management fund

Members of parliament propose a motion for gov’t to establish waste management fund

1
Moneylenders guide public on how to steer clear of illegal operators

Moneylenders guide public on how to steer clear of illegal operators

1
Yara, Ministry of Agriculture partners to Strengthen Agricultural Standards

Yara, Ministry of Agriculture partners to Strengthen Agricultural Standards

1
Kabuye Ronald Pledges to Champion Journalists’ Welfare

Kabuye Ronald Pledges to Champion Journalists’ Welfare

October 25, 2026
Photo exhibition in Kenya to mark 81st anniversary of Taiwan’s restoration

Photo exhibition in Kenya to mark 81st anniversary of Taiwan’s restoration

October 25, 2026
Truck Carrying Fresh Fish Overturns

Truck Carrying Fresh Fish Overturns

October 24, 2026
President Museveni Contributes Shs 300 Million to Bweranyangi Cathedral, Urges Sheema Residents to Embrace Wealth Creation

President Museveni Contributes Shs 300 Million to Bweranyangi Cathedral, Urges Sheema Residents to Embrace Wealth Creation

October 24, 2026
Ugnews Line

Copyright © 2024 Ugnewsline.

Navigate Site

  • Home
  • News
  • Tech
  • Agriculture
  • Opinion
  • Entertainment
  • Lifestyle

Follow Us

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
No Result
View All Result
  • Home
  • News
    • Sports
    • Crime
    • Business
    • Politics
    • Blogs
  • Tech
  • Agriculture
  • Opinion
  • Entertainment
  • Lifestyle

Copyright © 2024 Ugnewsline.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.