I Will Meet With NRM Caucus Next Week And We Discuss About The High Prices, Museveni

I Will Meet With NRM Caucus Next Week And We Discuss About High Prices – Museveni

Posted by: Suubi Anne in Uganda news April 16, 2022

President Museveni has said next week he will be meeting the NRM caucus to discuss the high prices of commodities. Museveni said this in his Easter message to Ugandans.

“As we celebrate Easter, I know the issue of high prices of commodities is disturbing our people. I will meet with the NRM caucus next week and we discuss then I will address you on the matter. I know they are disturbing our people but I will first speak with the caucus and then discuss with the rest of the country.”

This comes a few days after Ramathan Ggoobi, Minister of Finance Permanent Secretary said government will not provide subsidies, tax or price control reliefs.

Some people had suggested so as a way of cushioning Ugandans over the high commodity prices.

“We are not going to subsidize anything. Subsidies don’t work and that is bad economics. Those who have done it have faced problems. Subsidies tend to take money to wrong people and not those you intend. The mafia can organize and take all money for subsidies,” Ggoobi said.

“We aren’t going to control prices. That is bad economics. When you control prices, you create so many unintended consequences. We have to be careful with the medicine we give. You can’t treat cancer with paracetamol. We have to undergo process of treating cancer,” he added.

Meanwhile, after the caucus, let’s hope there will be a solution to this problem that has been going on for long.

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