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The Uganda Revenue Authority's Commissioner General, John Rujoki Musinguzi has on Wednesday 23 August 2023 revealed that continued and sustained economic growth, enhanced administrative measures, among other initiatives birthed the finer Revenue Performance in FY 2022/23. While presenting the authority’ performance report for the concluded financial year 2022/23 to Journalists at the URA House, Musinguzi
The deficit was mostly a result of a decline in domestic taxes due to underperfomance of the economy during the first half of the 2021/22 financial year
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. Advertisement Ismai...