UGANDA GOVT. DRAFTING NEW POLICIES FOR OIL MONIES
Uganda Government drafts new policies to monitor Petroleum Fund spendings. Uganda Government has conclude plans to draft three policies that will help monitor the spending of Petroleum Fund. These policies will follow the guidelines set-out in the Public Finance Management Act (PFMA) of 2015. The Ministry of finance is responsible for the overall management of the Petroleum Fund and shall oversee the transfer into and the disbursements from the Petroleum Fund. The Petroleum Fund is under the Public Finance Management…
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