Uganda inflation Down to 3.6% from 18%, Says Kiwanuka
The Uganda Budget which was unveiled at the Parliament buildings by the Finance Minister Maria Kiwanuka was said to be in line with the new blue print of vision 2040. In her opening remarks to the long budget speech Kiwanuka said that the budget seeks to provide a roadmap to transform Uganda from a low income to a modern middle income country within 30 years. The NRM government underlines that Vision 2040 requires a fundamental change on the way of doing things by Government and the Private Sector, to unlock the binding constraints to Uganda’s progress. Like Kenya’s Treasury Secretary Henry Rotich, Kiwanuka noted to the Uganda Parliament that the budget is faced by several constraints and however the challenges are to be dealt with positively. “There are no quick answers to the challenges that face us today. The economic and social challenges we are working to address happened over several years and will take time to resolve. This requires patience and coordination. The Financial Year