Prepare For Tough Times Ahead- Finance Minister Matia Kasaija Tells Ugandans Crying Foul Over Escalating Commodity Prices

Prepare For Tough Times Ahead- Finance Minister Matia Kasaija Tells Ugandans Crying Foul Over Escalating Commodity Prices

Finance Minister Matia Kasaija

By Uganda Online Media

Kampala: The Minister of Finance Minister Matia Kasaija has cautioned Ugandans to prepare for tough times ahead noting that commodity prices will not reduce any time soon.

Kasaija made the revelation while launching the budget month for Financial Year 2022/23 saying the government will not provide any subsidy, entertain requests for minimum wage or reduce taxes despite the escalating commodity prices.

“Removing taxes is not a solution. The solution lies in production for people to get more income. We have put so much in the system, use the money to generate more income for yourself,” Kasaija said.

According to Kasaija, Ugandans should prepare for tough times ahead because the government has nothing to do about the escalating prices and the economy can’t survive without taxes.

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Kasaija’s comments came at a time when several Ugandans have been urging the government to intervene and reduce taxes on commodities amid the rising cost of living.

Kasaija said that the budget will be aimed at achieving three broad objectives under the theme of “Full monetisation of the Ugandan Economy Through Commercial Agriculture, Industrialisation, Expanding and Broadening services and Digital Transformation and Market Access.”

Permanent Secretary/Secretary to the Treasury, Ramathan Ggoobi said that the Budget this time will be for the people.

“The budget is pro-poor because the largest share of the budget is going into human capital development. There are no new taxes and we haven’t increased them. We want to make taxes more affordable to pay,” Ggoobi said.

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