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Uganda’s public debt sands at Shs41 trillion-Minister Bahati

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State Minister for Finance in charge of General Duties David Bahati

The Finance Ministry, David Bahati says, Uganda’s public debt sands at Shs41 trillion, which is an equivalent of US$10 billion.

In a statement he read to Parliament last evening Bahati, said the debt stock has piled from US$2.5 billion in the 2006/2007 financial year to US$10.7 billion by the end of the last financial year.

He however blamed of the rising debt on the near stagnant tax collection by the revenue collection body, URA. He said by June 2018, the total debt amounted to US$10 billion, with external debt accounting for 67 per cent.

“Our tax base is not growing at the same rate, putting the tax to Gross Domestic Product (GDP) ratio at 14.3 per cent,”

Domestic debt, he added, stands at 32.4 per cent, most of which is drawn from local commercial banks. The public debt as a percentage of the entire economy is 30 per cent, a figure the Opposition is reluctant to believe.

Bahati said the debt, finances the Energy, Works and Agriculture sectors, which are critical in spurring economic growth.

Chief Opposition Whip, Ibrahim Ssemujju, criticized government over what he called ‘lack of prudent financial practices’, which he said is responsible for the growing public debt.

“After borrowing this money, and we see the way His Excellency the President is throwing money at youth groups…you just need to be prudent on the way you spend money,” said Ssemujju.

MP Nandala Mafabi (FDC, Budadiri West) said government should present a gross loan request at once during the consideration of the National Budget rather than bringing piecemeal requests to the House.

He said the practice fuels racketeers and loan sharks who he said inflate the cost of public projects with the hindsight of the loan figures passed.

“As soon as we pass a loan, the first people to celebrate are the sharks out there…if we put in a basket fund, the bids will not be expensive,” said Nandala Mafabi.

Deputy Speaker, Jacob Oulanyah, referred the statement to the Committee on National Economy, criticizing a section of MPs for trivializing the debate.

“The challenge that I face when presiding here is killing debate…just see the way we are proceeding now, we make these issues so trivial yet they are very serious,” said Oulanyah.


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Source – eagle.co.ug

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NUP endorses Nalukwago Judith as Makerere University Guild Presidential aspirant

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Nalukwago Judith

The National Unity Platform (NUP) has endorsed Judith Nalukwago as Makerere University Guild Presidential aspirant.

Nalukwago was endorsed shortly after the young Makerere strike machine; Obed Obedgiu Derrick opted out of the race. Obed announced that he will not be offering himself as a candidate in the highly anticipated Mak guild elections as the new election roadmap is yet to be released.

“Salutations to you friends, I shan’t offer myself as a candidate in the forthcoming elections as was the case earlier. Thanks to all and sundry for the unwavering support,” Obed wrote on Facebook.

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Although Obed had won the flag bearer primaries early before the closure of the University due to the Covid-19 pandemic break-up, he has decided to give way to the fellow people power member Judith Nalukwago to aspire and promises undying support for her.

In a series of posts on her social media handles, Nalukwago announced that she will be running for the position of Guild President. She says that the seat of the Vice Guild President offered her an opportunity to assert her beliefs and push more for affordable education and education reforms.

“The Vice Guild Presidency presented to me a great opportunity to assert those beliefs and push more for affordable education and address systematic injustice against students in general and women in particular. This struggle is always a work in progress,” Nalukwago said.

She added, “The task before us is an uphill one, but the power of our resolve will be the steam that gets our train moving. In the coming days, I will share broadly about this noble aspiration and what I have in plan for us all.”

Makerere University might get a female guild president after seven years. Anne Adeke Ebaju is the Youth Female Representative in Parliament.

The University now has four candidates in the race; Tumusiime Joseph (independent), Ogutti Aaron (independent), Muhwezi Maczxxon (NRM) and the only lady Judith Nalukwago (NUP). However the competition is between the NRM flag bearer and the NUP aspirant as they wait for the date of 30th March to decide the new elect Guild President.



Source – eagle.co.ug

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Segirinya’s Academic Documents are Fake – UNEB

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The Uganda National Examinations Board – UNEB has revealed that academic documents submitted by Kawempe North Member of Parliament elect Muhammad Segirinya are not authentic.

This followed a request for verification of the said documents by former Kawempe North MP contestant Sulaiman Kidandala who lost to Segirinya in the recently concluded general elections.

Kidandala is challenging Segirinya’s victory on grounds that he was not qualified enough to run for the position which he won by landslide.

“The certificate serial numbers U1884798 and A0964827 whose copies you submitted for verification are NOT authentic documents issued by the board,” UNEB wrote in a letter to Alaka & Company advocates, the law firm representing Kidandala.

The two certificates for both Ordinary and Advanced level, according to UNEB were all not for Segirinya as they indicated.

“Candidate U005/054 (2007) is Nampiima Sarah who sat at Mengo Secondary School NOT Segirinya Richard sitting at Pimbas Secondary School.”

“Candidate U0053/754 (2009) is Nabadda Maureen who sat at Mengo Secondary School not Segirinya Richard sitting at Pimbas Secondary School.”

According to the Ugandan Constitution, for one to be allowed to contest for MP, they must possess a Uganda Advanced Certificate of Education – UACE certificate or its equivalent.

This, if it holds in court would directly annul Segirinya’s election as MP.

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Source – thetowerpost.com

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Mbale: Galiwango Files Defense in Response to Wanyoto’s Petition

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The Mbale City Woman MP-elect, Connie Nakayenze Galiwango has finally filed defense before the Mbale High Court in response to the 123 affidavits earlier submitted by Lydia Wanyoto Mutende, who is challenging her victory citing discrepancies in the electoral process.

Galiwango defeated her competitor, Wanyoto, with a range of over 20,000 votes, after scoring 40,702 votes (53.2%) against Wanyoto’s 25,276 votes (33%) in the January 14th elections.

Other candidates in the race were; Robinah Masibo from the National Unity Platform party (NUP) who garnered 6565 votes, Maimuna Nambuya with 1852 votes, Shadia Luwungule, who had lost in the NRM primaries got 1382 votes and Racheal K Nansubuga trailed with 643 votes.

Wanyoto, on March 2, filed 123 affidavits, which she said contained all the evidence that are enough to nullify Galiwango’s victory and order for vote recount.

She told reporters in a press conference that her victory had been robbed by Galiwango whom she accused of ordering the brutalization of her (Wanyoto’s) polling agents.

“My polling agents from Bugema, Nakaloke, and Bukasakya and Bungokho-Mutoto sub counties were beaten by the supporters of Nakayenze and my declaration forms destroyed. I can’t accept the results and we are going to Courts of Law to challenge this because I believe that I won the race but the Electoral Commission declared a wrong person,” she said.

Speaking to journalists after filing the defense, Galiwango noted that she is ready to face all the 123 witnesses who claim that she rigged the polls.

“I pray God helps me so I can see those people. That day, I want to look into their eyes and see them giving evidence against me, because it is like somebody finding you with your hen and claims that it is theirs,” she said.

“I am happy my lawyers and I read all the 123 affidavits and responded to them and we are now ready to face the Court. I saw some people citing bribery, I am ready to see someone testifying that I or my agent gave them the money,” Galiwango added.

She called upon the people of Mbale City whom she referred to as “my energy” to walk with her as they defend their victory since “it is you the people of Mbale who voted for me and therefore the petition is against you too.”

 



Source – chimpreports.com

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