“The new poor are the immediate former MPs who didn’t plan well. In a bid to have financial independence, you must have a source of income that can deliver up to 80% of your Parliament salary. You need to have a reserve fund of about eight months of your emoluments at Parliament.”
He was speaking during the closure of a three-day orientation workshop for the 11th Parliament MPs. According to Dr. Kimbowa, many people have failed to progress because of some factors.
These include investing in liabilities instead of assets, believing that they can save their way to wealth, high debt burden, cultural blackmail and dependency ratio among others.
Meanwhile, the Prime Minister, Robinah Nabbanja urged law makers to support the Parish Development Model. She says this will help reduce the burden the members of parliament have to help the people.
“Colleagues, as MPs, let’s support the Parish Development Model irrespective of our political affiliation. The Parish Development Model was given a lot of money. Therefore let’s monitor and ensure that the money is put to proper use, that is improving the livelihoods of our people.”
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