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Thursday, April 3, 2025

Tighten Your Belt As URA Is Given A Target To Collect Shs 36.71Trn For Next Financial Year.

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Uganda Revenue Authority (URA) has been given a target to collect over Shs36.71Trn in financial year 2025/2026 to finance Government activities, which is higher than the Shs31.369Trn the Authority is meant to collect in the current Financial Year 2024/2025.

The revelation has been made by Hon Henry Musasizi, Minister of State for Finance,  while appearing before Parliament’s Finance Committee, where he had led the team from Uganda Revenue Authority (URA) to present the Authority’s 2025/26 Ministerial Policy.

Minister Musasizi’s remarks were in response to concerns raised by some legislators on the discrepancies in figures presented by URA on the revenue target which seemed to be lower than the target contained in the Appropriation Bill 2025.

Minister Musasizi clarified, “The resource envelop as presented by the Commissioner General of Shs35.692Bn this is as per the second Budget Call Circular, before the new tax measures were adopted. The new projection which I presented in the House is Shs36.71Trn the one which came with the budget and this came after factoring in the projected revenue.”

The proposal by URA to spend over Shs18.2Bn on medical expenses next year, came under scrutiny with Hon Enos Asiimwe (Kabula County) wondered if this money also caters for medical insurance.

“When you look at each department, they have an allocation of medical expenses for employees and specifically medicines and assorted items. Do we have in-house clinics or this is also part of insurance? Yeah, they’re talking about medical expenses, employees, medicines, and assorted items. Do you have like in-house clinics or it should be part of insurance. On the second page, you can see insurance services budgeted at Shs18.2 billion. So, I was seeking clarification whether medical insurance is not part of the first budget of Shs18 billion,” said Asiimwe.

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