Robert Kyagulanyi Sentamu nicknamed Bobi Wine, the President of the National Unity Platform, spoke to the nation earlier today on the current state of events in the country. (Key points from Bobi Wine’s State of the Nation address that you should know)
Bobi Wine states that Museveni has no idea how to increase domestic revenue without raising tax rates.
Uganda’s average revenue and spending as a proportion of GDP (2016 to 2020) were compared to Rwanda, Kenya, Senegal, and Zambia by Bobi Wine.
Here are some of the most important points from his speech.
We would save about UGX800 billion by removing that expensive family from our State House alone, including the annual supplementary budgets. That’s how much money we’ll save if we get rid of the dictator.
General Museveni addressed the country on the growing cost of living on May 22nd. He did not, however, give any relief or solution to the citizens. He continues to squander government funds as if he is unaware that the country is experiencing a price shock.
The government should divide the average cost of each gasoline litre into three categories and advertise them so that customers are aware of the changes:
Fuel delivery costs per unit.
The tax is calculated per unit.
Profit margin per unit.
The government must take the following steps to improve the fuel market:
Impose restrictions on stocking levels and pricing. When the Petroleum Supplies Act permits the government to act, no reasonable government continues to wail and mourn.
Fuel marking must be abolished by the government. It’s a pointless and time-consuming exercise. 3. Taxes on crude vegetable oil and wheat should be suspended. This will assist to down the cost of basic commodities like Chapati. Kikomando is the main source of sustenance for ghetto residents.
You’ll ask me how I deal with the revenue lost by eliminating the tax on vegetable oil and wheat. My solution is simple: reduce classified spending to compensate for the revenue loss caused by the tax exemption.
The cost of fuel delivery is calculated per unit.
The tax is determined on a unit-by-unit basis.
Per-unit profit margin
To enhance the fuel market, the government must take the following steps:
Limit the amount of stock and the price at which it can be purchased. No sensible government can continue to cry and mourn when the Petroleum Supplies Act allows them to act.
The government should remove fuel branding. It’s a time-consuming and futile process. 3. Crude vegetable oil and wheat taxes should be repealed. This would help down the price of basic items like Chapati down. Kikomando is the primary source of food for ghetto dwellers.
You’ll wonder how I plan to compensate for the revenue lost as a result of reducing the taxes on vegetable oil and wheat. My solution is straightforward: cut back on classified spending. (Key points from Bobi Wine’s State of the Nation address that you should know – latest news in Uganda)