Eyewitness  News
  • Home
Saturday, June 25, 2022
  • Login
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News
No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News
No Result
View All Result
Eyewitness  News
No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News
Home ECONOMY

President Museveni’s Speech  On The State of Economy- Draws Mixed Reaction

Admin by Admin
May 24, 2022
in ECONOMY
Reading Time: 2 mins read
0
1.4k
VIEWS
Share on FacebookShare on Twitter
President Museveni’s Speech  On The State of Economy- Draws Mixed Reaction.

Members of parliament and experts have spoken out on President Museveni’s address of the current economic situation and welcomed a decision not to waive taxes for imported goods like fuel, which he said is suicidal.

Legislators have however challenged the president to advance frugality in government and reduce the cost of public expenditure.

Yesterday night, President Yoweri Museveni Addressed the country on the current economic crisis characterized by escalating prices of fuel and other essential commodities and made it clear that the government he leads will not make any tax waiver for imported commodities to mitigate the crisis.

Mr. Museveni advised Ugandans to instead be frugal with the local resources to manage the situation which is hitting the whole world in equal measure.

A section of members of parliament has applauded the president for speaking out on the matter which other government agencies had failed to explain and created an impression that the government was not concerned about the matter. MPs believe that since the economic crisis is not only in Uganda, reducing taxes on fuel alone, can’t do much.

Although they welcomed the call for frugality, Legislators have challenged the president to practice the frugality he preached yesterday by taming the government’s excessive expenditure appetite.

Patrick Katabaazi the executive director Center for Budget and Tax policy joined MPs to laud President Museveni for addressing the country with honesty on the current economic situation and suggesting practical solutions that are not politically motivated.

Katabaazi has however called on the government to advance better policies for import substitution and export promotion to boost local manufacturers to produce competitive products.

However, some legislators have punched holes in President Museveni’s take on the current economic situation saying he did not satisfy Ugandans who rested their hope in him to move the country out of the crisis.

Nakaseke Central Member of Parliament, Allan Mayanja said that the President has not given Ugandans hope and plan on how to manage the situation.

Member of Parliament (MP) for Bbaale County in the Kayunga District,  Charles Tbandeke, said the President’s speech was full of future prospects yet the current high prices on commodities need immediate action.
Previous Post

How Political Parties Shared 13.4bn 

Next Post

HIV Victims Petition Parliament Over HIV Underfunding

Related Posts

Budget Places Emphasis on Parish Model, Human Capital Development & Security.
ECONOMY

Budget Places Emphasis on Parish Model, Human Capital Development & Security.

June 14, 2022
0

Budget Places Emphasis on Parish Model, Human Capital Development & Security. In accordance with Article 155(1) of the constitution and...

Read more
PS Ocailap Admits Approval of 10bn in Error

PS Ocailap Admits Approval of 10bn in Error

June 13, 2022
Min. Kasaija Defends 7Trn Budget For Security

Min. Kasaija Defends 7Trn Budget For Security

June 2, 2022
Uganda to Shift Trade Route To TZ as Kenya Heads For Polls

Uganda to Shift Trade Route To TZ as Kenya Heads For Polls

May 25, 2022
CSBAG Weighs in on  2022/23 FY Budget For Human Capital Development.

CSBAG Weighs in on  2022/23 FY Budget For Human Capital Development.

May 21, 2022
Parliament approves Shs48.1tn Budget for FY2022/23

Parliament approves Shs48.1tn Budget for FY2022/23

May 21, 2022
Next Post
HIV Victims Petition Parliament Over HIV Underfunding

HIV Victims Petition Parliament Over HIV Underfunding

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
MPs – Reaction to The State of Nation Address

West Nile MPs, Govt Chief Whip Clash Over Electricity in the Region

September 11, 2021
Phaneroo Boss, Sudhir Grilled Over Nakawa Land

Phaneroo Boss, Sudhir Grilled Over Nakawa Land

April 22, 2022
Adjumani East MP  Mamawi-Speaks Out on Charcoal Theft -Claims

Adjumani East MP Mamawi-Speaks Out on Charcoal Theft -Claims

March 16, 2022
Spice Diana Roasted Alive By Fans on Social Media For  Being A Covid -19  Potential Carrier

Spice Diana Roasted Alive By Fans on Social Media For Being A Covid -19 Potential Carrier

March 24, 2020
Budget Advocates Concerned With New Wave Of Corruption In Govt.

Budget Advocates Concerned With New Wave Of Corruption In Govt.

1
Musoke Ibrahim a father to Rahim who is now eight years

Being A Good Father Does Not Mean Money But Love & Care

1
URBRA Cautions On NSSF Mid-Term Access 

URBRA Cautions On NSSF Mid-Term Access 

1

Hello world!

0
Tayebwa Assures Ugandans in the Diaspora On Land Safety

Tayebwa Assures Ugandans in the Diaspora On Land Safety

June 21, 2022
Kibalama Unveils New “NUP” Headquarters.

Kibalama Unveils New “NUP” Headquarters.

June 21, 2022
Mpuuga Accounts for 1st Year in Parliament

Mpuuga Accounts for 1st Year in Parliament

June 20, 2022
Workers MPs Press Govt Over Teachers Strike

Workers MPs Press Govt Over Teachers Strike

June 18, 2022

Recent News

Tayebwa Assures Ugandans in the Diaspora On Land Safety

Tayebwa Assures Ugandans in the Diaspora On Land Safety

June 21, 2022
Kibalama Unveils New “NUP” Headquarters.

Kibalama Unveils New “NUP” Headquarters.

June 21, 2022
Mpuuga Accounts for 1st Year in Parliament

Mpuuga Accounts for 1st Year in Parliament

June 20, 2022
Workers MPs Press Govt Over Teachers Strike

Workers MPs Press Govt Over Teachers Strike

June 18, 2022

Eyewitnessug.com is Licensed by Uganda Communications Commission (UCC) Under Dominion Media Limited.

Dominion Media Limited is registered by Uganda Revenue Authority.

For Advertisement Reach out to Marketing Department via.
Email: [email protected]

Contact us through our Postal Address.
P.O.BOX 21157 Kampala-Uganda.

Browse by Category

  • Agiriculture
  • Agriculture
  • Business
  • Development
  • Diplomacy
  • ECONOMY
  • Editor's Pick
  • Education
  • Entertainment & Arts
  • Enviroment
  • Faith
  • Feature News
  • Governance
  • Health
  • International
  • Latest News
  • obituary
  • Opinion
  • Politics
  • Politics
  • Security
  • Social
  • Sports
  • Technology
  • Tourism

Recent News

Tayebwa Assures Ugandans in the Diaspora On Land Safety

Tayebwa Assures Ugandans in the Diaspora On Land Safety

June 21, 2022
Kibalama Unveils New “NUP” Headquarters.

Kibalama Unveils New “NUP” Headquarters.

June 21, 2022
  • Home

© 2021 Allrights Reserved EYEWITNESS NEWS UGANDA

No Result
View All Result
  • Home
  • Diplomacy
  • ECONOMY
  • Agriculture
  • Faith
  • Security
  • Tourism
  • International
  • Latest News

© 2021 Allrights Reserved EYEWITNESS NEWS UGANDA

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
error: Content is protected !!