Uganda: Govt Drafts Three New Policies for Oil Monies

Government has concluded drafting three different pieces of legislation that will inform how money from the Petroleum Fund in Bank of Uganda will be spent, writes JUSTUS LYATUU.

The policies, which are expected to follow the guidelines set out in the Public Finance Management Act (PFMA) of 2015, will spell out the finer details on how monies will move from the fund to selected areas.

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