Home » News » Uganda news » You Must Have Source Of Income That Can Deliver Up To 80% Of Your Parliament Salary – MPs Advised
You Must Have A Source Of Income That Can Deliver Up To 80% Of Your Parliament Salary, MPs Advised

You Must Have Source Of Income That Can Deliver Up To 80% Of Your Parliament Salary – MPs Advised

MPs have been advised to have a source of income that can deliver up to 80% of their parliamentary salary. Dr. Peter Kimbowa, The National Social Security Fund (NSSF) Board Chairman urged MPs to create alternative sources of income and ensure proper monetary discipline measures.

“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.”

Check Also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards

Comments

comments

Loading...

About Suubi Anne

Loading...
x

Check Also

Science Teachers And Arts Teachers Are Now Sitting Separately In Some Schools, Richard Mwebaze

Science Teachers And Arts Teachers Are Now Sitting Separately In Some Schools – Richard Mwebaze

Richard Mwebaze, the Chief Legal Officer of UNATU, has said the salary segregation has brought ...