The proposed amendments are that the corporation be independently allowed to collect money from the oil sector and spend at source without parliamentary approval or supervision, approvals of investment plans to be left in the hands of UNOC board management and Cabinet and only collect tariffs from other oil products except crude oil among others.
Addressing members of the parliamentary committee on budget, the CSBAG boss Julius Mukunda said that this will cause undermining of the PFMA and also budget indiscipline especially when parliament will have no mandate of allocating moneys and supervising the works of UNOC.
Mukunda proposed that the Uganda Revenue Authority-URA methodology of operating be adopted by UNOC of spending at source but on items approved by parliament.
He further added that a separate fund be set up for the collection of oil funds but can only be spent only with approval of parliament.
CSBAG has also disagreed with the close in the new amendment under the penalty of charging some one 10mshs or be jailed for four years or do both in case of causing a loss or missing managing funds from oil.
Mukunda proposes that the culprit pay the equivalent of the loss he or she has defrauded the country.
In conclusion, CSBAG has advised parliament through the budgets committee to drop the amendments and let UNOC operate within the current PFMA or adopt the URA act mode of operation.
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