Govt seeks shs1.49bn to settle NAM bills

Govt seeks shs1.49bn to settle NAM bills
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Following Uganda’s assumption of Chairmanship of the Non-Aligned Movement, the Ministry of Finance has proposed to have the Uganda Embassy in Geneva be given additional Shs1.49 billion to address a funding shortfall arising from a loss of poundage.

The supplementary is part of the proposed  Shs288.624 billion.

“The mission requires funds for accumulated dues on rent, salaries, medical insurance, utilities. This needs to be settled by the end of the financial year to avoid legal action from landlords, service providers and contract staff. This will be funded using savings from wage after the Audit of the wage bill," State Minister for Finance, Henry Musasizi said.

He said,  if not approved the shortfalls could lead to penalties for the Geneva based embassy

"This is an increased schedule on account of Uganda's assumption of chairmanship of the Non-Aligned Movement. This will be funded using savings from wage after the audit of the wage bill," Musasizi said.

The supplementary budget will be funded through savings from wage following the audit report on government’s payroll that saw Shs3.99 billion  saved, while Petroleum Fund withdrawals worth Shs284.634 billion  will fund the proposed activities in the supplementary schedule.

In January, Uganda hosted the 19th Non-Aligned Movement (NAM) Summit  in Kampala.

The five-day summit brought together over 120 heads of state under the theme,  ‘Deepening cooperation for shared global affluence’.

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