Parliamentary ReportTop Story

Minister Musasizi Clarifies Use of Shs300Bn: Ambulance Funds Not Solely for Roko Construction Bailout

Kampala, Uganda – Minister of State for Finance, Henry Musasizi, has provided clarity on the controversial Shs300 billion allocation, debunking claims that the entire amount was diverted to bail out Roko Construction Company.

In a social media post, Musasizi explained that only Shs56.2 billion of the total amount was approved by Parliament for Roko Construction’s preference shares. The remaining Shs200 billion is earmarked for Bank of Uganda to manage government entities’ accounts and pay government securities, totaling Shs72 trillion in budget payments.

The Minister’s clarification comes after widespread criticism and misinformation surrounding the allocation of funds initially intended for the procurement of ambulances. Musasizi’s breakdown of the Shs300 billion allocation is as follows:

  • Roko Construction preference shares: Shs56.2 billion
  • Bank of Uganda charges: Shs200 billion

This development sheds light on the government’s financial management and budget allocation, providing transparency and context to the initial decision.

Related posts

THE CREATION OF NUP WAS POROUS WITH A LOOSE AND WEAK FOUNDATION

Dean Lubowa Saava

SFC Detectives Kicked Off Investigation On URA Tax Collectors Over Sexual Harassment To Female Trader.

Dean Lubowa Saava

Muhammed Nsereko Announces Presidential Bid for 2026

Ssekanyumiza Amansa Bwino

Who Knew? Finally Is Back.

Cathy Mirembe

Kabale Muslims Feel Sidelined by President Museveni’s Faith Engagements

Ssekanyumiza Amansa Bwino

Will Ruben Amorim’s Man U Defend The Emirates FA Cup After Eliminating Arsenal?

Ssekanyumiza Amansa Bwino

Uganda Airlines to Launch Direct Flights to London in 2025, Boosting Global Connectivity

Barbra Zeka

Law Society to Appeal Ruling Halting Extra Ordinary General Meeting

Cathy Mirembe

Hajj Kigongo’s Daughter Has Emerged Victorious In The NRM primaries

Ssekanyumiza Amansa Bwino

Museveni Reaffirms Commitment to Sports Infrastructure Development for AFCON 2027

Barbra Zeka

Leave a Comment