By; Olivia Nabaggala

21st October 2019

Transparency international Uganda together with the Anti corruption coalition Uganda have faulted government on the continued withdrawals of 450 bn shillings from the petroleum fund to finance the 2019/20 budget activities .

In a press conference the executive director of transparency international Uganda the Peter Wandera notes that this is not the first time government is withdrawing funds from the petroleum fund pointing out 200bn shillings that was withdrawn from the same pool to finance the 2018/19 budget activities.


He notes that the continued withdrawals without a structure to oversee the expenditure as required by section 68 of the public finance management Act 2015 will in itself be a sign of lack of commitment to transparence measures to account to the citizens of Uganda .


The executive director for anti corruption coalition Uganda Cissy Kagaba says they want government to halt all the plans for the withdrawals until the investment advisory committee is fully instituted as required by the public finance management act 2015 on top of reminding parliament to superintend over the minister of finance in as far as such expenditures are concerned.


Monday 21st October 2019 12:37:01 PM