pinupmostbet kzmostbet onlinepinapmosbet casinopinup indialucky jet4a bet1win casinoonewin app1 win casinopinup kzaviator mostbet1win lucky jetpin upmostbet4rabetpin-upaviator 1 winpin up1 win gamepin up 7774r bet1 win4r betpin up login1win aviatormosbet1 winpin upluckyjet1win casino4rabet mirrormostbetmostbet indialucky jet 1xbetmostbet casinomostbet aviator4rabet bdmostbet casino1win apostapin-up kz1win casinolucky jet1win lucky jetmostbetonewin casinopin up indialucky jet onlinepin up betpinup1win casinolucky jet 1xbetlucky jet crashmosbetpin up azmosbet kzpin-upmostbetpin up casinopin up casinomostbet aviator1 win1win casinopinuppin-up1win aviator4x betpin-up kzpinup az1 win aviatorpin up casino gamemostbetpin uppin up kzmostbet onlinemosbetparimatchmosbet casino1 winpinuppin upmostbet casinomosbet kz1win casinolucky jet crashlucky jet casino1 winlucky jetmostbetмостбет кз1win aviator1win1 winmostbet1win casino online1win sayti4rabet bangladeshpin up casino1win uzpin-uppinup casinomostbet azpinup loginmostbetmostbet casinolukyjetmostbet1 win azpin up betting1 winpin up onlinemostbet kz1win kz casinopin up indiapinup indiapin up kzmosbet casinomosbet1win slotmostbetpin up azerbaijan1win1win kzmostbet1win uzmostbetparimatchmostbet casinomosbet casinopin upmosbet aviator1win slotsonewin1 win indiamostbet azmostbet kzmosbet4r betmostbet aviator4rabetmostbet kzmosbetpin up casinomostbet1win cassinopin up casino4rabetpinup1win aviator4rabet slotsaviatorpin-up casinolucky jetpin upmostbet kz1 win

What Can Uganda’s Debt Laden Budget Do?

What Can Uganda’s Debt Laden Budget Do?

The Shs52.7 trillion 2023/2024 Financial Year budget that  Finance minister Matia Kasaija yesterday dedicated to hard working poor Ugandans remained silent on the pressing household concern: high cost of living.
Instead, the minister said, the new budget focuses on improving household incomes through the Shs1 trillion Parish Development Model (PDM), a programme the government launched in February 2022 to orbit 39 percent of Ugandan households who are peasants into the money economy.
Other priority plans in the revenue and expenditure estimates are reducing government spend and taming borrowing, which by end of this financial year, on June 30, is projected to gross Shs88.9 trillion.  

Minister Kasaija said the government will over the next twelve months, starting July 1, accelerate agriculture commercialisation to boost production and productivity and invest to skill up Ugandans under a budget heavy with human capital development promise.

He unveiled blueprints to support private sector growth, improve infrastructure and expedite works in oil and gas sector ahead of the 2025 production target date

Parliament passed the 2023/24 budget titled, Full monetisation of Uganda’s economy through commercial agriculture, industrialisation, expanding and broadening services, digital transformation and market access, on May 18.

In it, the Shs1 trillion allocation in the ending financial year for PDM, the government’s flagship poverty alleviation, has been maintained despite related corrupt practices that President Museveni and lawmakers have uncovered.

“PDM will boost household incomes as well as the development of micro-enterprises. Since the launch of the PDM … a total Shs590.2 billion has been disbursed to all the 10,459 parishes nationwide, translating into Shs50 million per parish,” minister Kasaija said while reading the budget yesterday.

Relatedly, Shs100 billion has been allocated to the Emyooga initiative, which Mr Kasaija said has created close to  380,000 jobs, while Shs 60 billion has been allocated for skilling the youth.  

“This budget is dedicated to those Ugandans who are currently not in the money economy. To those individuals and households whose income per year is below Shs20 million, they have now the opportunity to utilise the support that the National Resistance Movement (NRM) government has provided under PDM, Emyooga and other government initiatives,” he added.

Mr Kasaija sounded buoyant, declaring that the economy has remained resilient and is on course to grow at 6 percent in the new financial year, but offered no relief to families battered by high prices of groceries and other commodities.
The government has consistently rejected subsidy and tax cuts proposal, including by the Opposition and other economists, arguing that they would boomerang in the wake of imported inflation.

Mr Ramathan Ggoobi, the Finance ministry permanent secretary/secretary to the Treasury, said the rate at which prices have been rising is cooling, suggesting an equilibrium of the market forces of supply and demand will stabilise prices by year-end.

“The cost of living has been high mainly because of the global situation,” he said, “We have the right fiscal [and] monetary polic[ies] to ensure prices go down”.
Inflation is officially at 6.3 percent, a fall from the double digits of last year, and Bank of Uganda has maintained the Central Bank Rate, the interest the financial sector regulator charges commercial banks, at 10 percent.  

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Даркнет Сайт Кракен Зеркало Ссылка