{"id":32182,"date":"2022-06-07T18:16:03","date_gmt":"2022-06-07T18:16:03","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-has-reached-middle-income-status-says-museveni"},"modified":"2022-06-07T18:28:25","modified_gmt":"2022-06-07T18:28:25","slug":"uganda-has-reached-middle-income-status-says-museveni","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-has-reached-middle-income-status-says-museveni","title":{"rendered":"Uganda has reached middle income status, says Museveni"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Uganda has reached the middle income status despite an onslaught of crises in the past three years, President Museveni said on Tuesday.<\/p>\n

According to official data, the nation\u2019s economy stood at about $45.7billion by the exchange rate method or $131billion by the Purchasing Power Parity (PPP) system- one week to the FY2022\/23 Budget Day.<\/p>\n

\u201cThis means that the GDP per capita is $1046. We have now passed that figure of middle income status ($1,030),\u201d Mr Museveni observed as he delivered the annual State of the Nation Address in Kampala.<\/p>\n

Speaking in-person to mainly ruling NRM party legislators, Mr Museveni June 7 expressed confidence that Uganda would maintain its spot above the middle income status GDP per capita minimum of about $1,030.<\/p>\n

\u201cYou need to sustain this for two to three consecutive years to be declared a middle income country,\u201d he echoed.<\/p>\n

Ugandans have suffered in years of an unprecedented economic crisis that authorities attribute to Coivd-19 and the war in Ukraine triggered by a February 14 Russian invasion.<\/p>\n

\u201cI\u2019m used to problems. When people are panicking, I am never bothered because I have handled bigger problems. But the most serious problem I don\u2019t want is lack of food,\u201d the president said.<\/p>\n

On Tuesday, the 77-year-old leader of a country with millions of unemployed citizens further urged amplified Agricultural production to suit global demands.<\/p>\n

\u201cOur strategy is that everything agricultural that is not consumed instantly should be processed industrially, so it’s preserved to be able to reach distant markets,\u201d he noted.<\/p>\n

Over 100 opposition MPs Tuesday boycotted the constitutional occasion at Kololo- accusing the presidency of \u201cinterfering with the country\u2019s judiciary\u201d and \u201cfailing to solve\u201d a raging economic meltdown.<\/p>\n

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

Africa-Press – Uganda. Uganda has reached the middle income status despite an onslaught of crises in the past three years, President Museveni said on Tuesday. According to official data, the nation\u2019s economy stood at about $45.7billion by the exchange rate method or $131billion by the Purchasing Power Parity (PPP) system- one week to the FY2022\/23 […]<\/p>\n","protected":false},"author":84,"featured_media":32181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[233,240,234],"class_list":["post-32182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nUganda has reached middle income status, says Museveni - Uganda<\/title>\n<meta name=\"description\" content=\"Uganda has reached the middle income status despite an onslaught of crises in the past three years, President Museveni s ...\" \/>\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\/uganda-has-reached-middle-income-status-says-museveni\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uganda has reached middle income status, says Museveni\" \/>\n<meta property=\"og:description\" content=\"Uganda has reached the middle income status despite an onslaught of crises in the past three years, President Museveni s ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-has-reached-middle-income-status-says-museveni\" \/>\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=\"2022-06-07T18:16:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-07T18:28:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/06\/postQueueImg_10-629f98b02680e.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\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=\"1 minute\" \/>\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\/uganda-has-reached-middle-income-status-says-museveni#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-has-reached-middle-income-status-says-museveni\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Uganda has reached middle income status, says Museveni\",\"datePublished\":\"2022-06-07T18:16:03+00:00\",\"dateModified\":\"2022-06-07T18:28:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-has-reached-middle-income-status-says-museveni\"},\"wordCount\":297,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-has-reached-middle-income-status-says-museveni#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2022\/06\/postQueueImg_10-629f98b02680e.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-has-reached-middle-income-status-says-museveni#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-has-reached-middle-income-status-says-museveni\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/uganda-has-reached-middle-income-status-says-museveni\",\"name\":\"Uganda has reached middle income status, says Museveni - 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