URA Register Fall in Revenue Collections

Police Orders Crackdown on Bars, Vehicles & Cyclists

Ochom in a letter dated February 22, 2021, to the Commander Kampala Metropolitan Police, Regional Police Commanders, District Police Commanders and all...

Police Fails to Release Names of Abducted Ugandans

Police yesterday did not release the names of people abducted by security men despite the army handing over the list to them last week. The...

85 LDUs Arrested & 8 Guns Recovered in Karamoja

Police and other security agencies have arrested a total of 85 people and recovered 8 guns in operations aimed to restore security in the...

Kyagulanyi Withdraws Election Petition Case

Just in: Bobi Wine withdraws election petition case from Supreme Court! NUP President Kyagulanyi Robert Ssentamu has instructed his...

Uganda’s Covid-19 Cases Sharply Decline

Covid-19 cases and hospital admissions in the country have sharply declined, contrary to predictions by scientists that campaigns for the January 2021 elections would...

Uganda Revenue Authority (URA) registered a revenue shortfall of sh3.6 trillion in the 2019/2020 financial year.

While appearing before the Parliament finance committee Thursday, the URA boss, John Rujoki Musinguzi said the tax collection body was able to get a total of sh16.7 trillion against a target of sh20.3trillion

He argued that at a tax to GDP ratio of only 13% which is one of the lowest in the world.

‘Studies indicate that a country whose tax to GDP ratio is less than 20% cannot experience significant economic growth,’ Musinguzi stated.

This means that the biggest portion of the budget will be funded through external and internal borrowing.

Out of the national budget of sh45.6trillion, government plans to get sh21.9trillion from government revenue collection.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot News

Related Articles

Police Orders Crackdown on Bars, Vehicles & Cyclists

Ochom in a letter dated February 22, 2021, to the Commander Kampala Metropolitan Police, Regional Police Commanders, District Police Commanders and all...

Police Fails to Release Names of Abducted Ugandans

Police yesterday did not release the names of people abducted by security men despite the army handing over the list to them last week. The...

85 LDUs Arrested & 8 Guns Recovered in Karamoja

Police and other security agencies have arrested a total of 85 people and recovered 8 guns in operations aimed to restore security in the...