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Yesterday, Hon.@hon_mpaka the Chairperson of the Select Committee investigating the state of affairs on @nssfug presented the committee report to the house, and here are the recommendations.
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#PlenaryUg
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#PlenaryUg
✅ The @nssfug Management (Mr.@rpbyaru ,Patrick Ayota, Steven Mwanje & Barbra Teddy Arimi) that participated in the initiation of Ugx 1.8 Billion budget for donations step aside with immediate effect to allow investigations by IGG.
#PlenaryUg
#PlenaryUg
✅ That Hon.@BettyAmongiMP resigns in public interest with immediate effect for her actions in directing that Ugx 6 Billion be sent to her Ministry.
#PlenaryUg
#PlenaryUg
In the next Financial year 2023 /24, National Roads have been allocated a budget of Ugx 595 billion for development, rehabilitation, and Iand acquisition by the Integrated Transport Infrastructure Services (ITIS) program.
#PlenaryUg
#PlenaryUg
Based on the current contractual commitments, even if the budget for FY 2022/23 is fully released, it is projected that there will be a debt of approximately Ugx 300 billion by the end of this Financial year which will be carried forward to FY 2O23/24.
#PlenaryUg
#PlenaryUg
This debt takes first priority on the budget & is included in the required resource for the next Financial year. This means no allocation has been made towards works to be executed in FY 2023/24 and neither can new rehabilitation and periodic maintenance projects be commenced.
Hon.@GenWamala the Minister of @MoWT_Uganda is presenting a Statement on the Status of National Roads.
#PlenaryUg
▶️ Follow the link for the Statement parliamentwatch.ug/wp-content/upl…
#PlenaryUg
▶️ Follow the link for the Statement parliamentwatch.ug/wp-content/upl…
Due to the long rainy season experienced in the country since August last year to date, the condition of the national roads continues to deteriorate and the kilometers of the paved and unpaved network in fair and poor condition is likely to increase significantly which in turn
.......will affect the support to the PDM program especially Pillar No. 2.
#PlenaryUg
#PlenaryUg
Hon. Keefa Kiwanuka has presented the Report on the Micro Finance Deposit-Taking Institutions (Amendment) Bill 2022.
▶️Attached is the report parliamentwatch.ug/wp-content/upl…
▶️Attached is the report parliamentwatch.ug/wp-content/upl…
The Committee observed that commercial banks have higher capital and equity requirements for licensing as to justify the use of the word "bank", as compared to MDIs.
#PlenaryUg
#PlenaryUg
The Financial Institutions (Revision of Minimum Capital Requirements) Instrument, S.I No. 30 of 2022 set the minimum capital requirements for financial institutions at Shs 150bn and for the MDIs at Shs 1Obn.
#PlenaryUg
#PlenaryUg
Pursuant to Rule 53 of our Rules of Procedure, I seize the opportunity to respond to the State of the Nation Address delivered by the President on June 4. #SOTN2021 #AccountabilityAndService
While the Article 101 of the Constitution doesn't prescribe the content of the Address, it is expected that President would use it as a performance report card of what has been undertaken by government since the last address. Unfortunately, this has never been the case. #SOTN2021
Specifically Objective I(ii) requires the President to report at least once a year the extent of realization of the policy objectives and principles. The provision does not deter the State of the Nation Address from being used as the reporting mechanism. #AccountabilityAndService
