{"id":29646,"date":"2022-04-16T16:43:55","date_gmt":"2022-04-16T16:43:55","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/opposition-on-what-govt-must-do-to-deal-with-runaway-prices"},"modified":"2022-04-16T16:50:38","modified_gmt":"2022-04-16T16:50:38","slug":"opposition-on-what-govt-must-do-to-deal-with-runaway-prices","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/opposition-on-what-govt-must-do-to-deal-with-runaway-prices","title":{"rendered":"Opposition on what govt must do to deal with runaway prices"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>The Opposition wing in Parliament has asked the government to consider waiving taxes levied on essential commodities so as to give inflation-weary consumers in Uganda some respite.<\/p>\n

The government has specifically been advised to slash taxes levied on importation of raw materials used to manufacture goods. It has also been asked to scale down on the taxes placed on essential commodities imported into the country.<\/p>\n

Princely price tags have recently been attached to essential commodities such as fuel (a litre of petrol breached the Shs5,000 mark), washing soap (which costs anywhere between Shs8,000 and Shs10,000), and cooking oil (a litre goes for Shs10,000).<\/p>\n

READ:<\/b><\/p>\n

Kaziimba asks govt to save Ugandans from burden of skyrocketing prices<\/p>\n

The Opposition has in its alternative policy statement made clear its wish that the government ring-fences money in the 2022\/2023 budget to decisively address the current fuel crisis.<\/p>\n

The shadow Finance minister, Mr Muwanga Kivumbi, in a statement said while the pandemic and the Russia-Ukraine war has buffeted the Ugandan economy, sound fiscal policies can drag the country back from the brink.<\/p>\n

\u201cGovernment has to come in and bring a solution like a supplementary budget to address the fuel crisis in the country because it touches every part of the economy,\u201d Karim Masaba, MP for Mbale Industrial Division also a member of the Finance Committee, said.<\/p>\n

DON’T MISS:<\/b><\/p>\n

Prices of building materials shoot up<\/p>\n

Mr Kivumbi said the government should plan and allocate at least Shs77 billion to the Uganda National Oil Company (UNOC), which will, among others, be devoted towards stocking fuel in the next financial year.<\/p>\n

Mr Dickson Kateshumbwa (Sheema Municipality, NRM), a former commissioner at Uganda Revenue Authority, recommended that the government embarks on immediate importation of key commodities so as to cushion Ugandans in the event that Kenya\u2019s general elections foment chaos.<\/p>\n

\u201cVery soon they (Kenya) are going to prioritise the importation of fuel into the economy,\u201d Mr Kateshumbwa predicted.<\/p>\n

Junior Trade minister Harriet Ntabazi had earlier revealed that the government intends to scale up growth of oil palm and sunflower in areas such Kalangala. This, she reasoned, will provide a buffer of raw material for manufacturing cooking oil and soap. Ms Ntabazi was however asked by the House to also table immediate solutions.<\/p>\n

Another junior Trade minister (industry), David Bahati also offered no short- term solutions after the government was invited to table another response on Thursday.<\/p>\n

Mr Bahati put forward an import substitution strategy as the antidote to the runaway prices. Mr Kivumbi said the government\u2019s position is \u201cgrossly lacking in substance and in detail.\u201d<\/p>\n

He added: \u201cIt borders on indifference and cynicism to the plight of our people\u2026There are no immediate solutions at all\u201d.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. The Opposition wing in Parliament has asked the government to consider waiving taxes levied on essential commodities so as to give inflation-weary consumers in Uganda some respite. The government has specifically been advised to slash taxes levied on importation of raw materials used to manufacture goods. It has also been asked to […]<\/p>\n","protected":false},"author":84,"featured_media":29645,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8],"tags":[233,240,234],"class_list":["post-29646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nOpposition on what govt must do to deal with runaway prices - Uganda<\/title>\n<meta name=\"description\" content=\"The Opposition wing in Parliament has asked the government to consider waiving taxes levied on essential commodities so ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/opposition-on-what-govt-must-do-to-deal-with-runaway-prices\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opposition on what govt must do to deal with runaway prices\" \/>\n<meta property=\"og:description\" content=\"The Opposition wing in Parliament has asked the government to consider waiving taxes levied on essential commodities so ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/opposition-on-what-govt-must-do-to-deal-with-runaway-prices\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-16T16:43:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-16T16:50:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/04\/postQueueImg_5-625af3c97d0ec.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/opposition-on-what-govt-must-do-to-deal-with-runaway-prices#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/opposition-on-what-govt-must-do-to-deal-with-runaway-prices\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Opposition on what govt must do to deal with runaway prices\",\"datePublished\":\"2022-04-16T16:43:55+00:00\",\"dateModified\":\"2022-04-16T16:50:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/opposition-on-what-govt-must-do-to-deal-with-runaway-prices\"},\"wordCount\":472,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/opposition-on-what-govt-must-do-to-deal-with-runaway-prices#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/04\/postQueueImg_5-625af3c97d0ec.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/opposition-on-what-govt-must-do-to-deal-with-runaway-prices#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/opposition-on-what-govt-must-do-to-deal-with-runaway-prices\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/opposition-on-what-govt-must-do-to-deal-with-runaway-prices\",\"name\":\"Opposition on what govt must do to deal with runaway prices - 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