URA shakes off Covid-19 with surplus in revenue
Tuesday December 29 2020
Customers shopping in Kampala ahead of Christmas Day. Currently, the country funds only 47 per cent of the national budget and the balance is sourced externally through borrowing whose terms and conditions are not usually favourable. Photo | Eronie Kamukama
Summary
Despite being in the midst of lockdown, URA in the first quarter FY 2020/21 (July to September) collected Shs4 trillion against a target of Shs2.9 trillion, resulting in a significant surplus of Shs1 trillion, Ismail Musa Ladu writes.
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Ismail Musa Ladu writes.
“Crisis? What crisis?”
This is the feeling at Uganda Revenue Authority (URA) after registering a revenue surplus in 2020 when the Covid-19 crisis and containment measures, have taken a toll on almost all businesses.
Govt Targets 18 Programmes In National Budget
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Uganda: Campaigns Aiding Illegal Fishing
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Daily Monitor
Wednesday December 16 2020
Fisheries Protection Unit officials with fishermen who were found with illegal fishing gears at Kisenyi Landing Site in Buikwe District on December 2, 2018. Some fishermen claim they have been subjected to torture. PHOTO/FILE/DENIS EDEMA.
Summary
Fish presents clear avenues for Uganda to have a positive trade balance, add value along its value chain and has clear backward and forward linkages with other chains such as pharmaceutical industries.
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The political season that has seen candidates campaigning for elective offices ahead of the 2021 General Election has instead led to a surge in illegal fishing activities on Lake Victoria.
. This series is a unique opportunity for researchers, international stakeholders and policymakers to connect and share evidence on the economic, social, and political challenges caused by the Covid-19 pandemic, to inform polices to recover from the pandemic with more inclusive and equitable societies.
Dr Mustapha will discuss the growing public debt in lower-income economies, its composition, and associated risks. Dr Griffith-Jones will discuss the need and recent initiatives for debt relief, to promote sustained recovery.
This will be followed by reactions from three experts, all participating in the IDRC-funded research initiative that addresses the socio-economic impacts of the pandemic:
Palesa Shipalana, leader Economic Diplomacy Programme, South African Institute of International Affairs