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Yoweri Museveni defends decision against subsidies

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Ugandan President Yoweri Museveni has defended his government’s decision not to give subsidies or reduce taxes in the wake of a sharp rise in the cost of living.

In his national address on Wednesday night Museveni said subsidies mislead people to think that there was plenty and would deplete the country’s foreign reserves. He said tax cuts would also lead to the stalling of infrastructural projects.

He also warned that the price of fuel was likely to remain high even after the Russia-Ukraine war. He continued that the way forward would be to begin the move away from petrol to electric cars and rail transport.

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Museveni then urged Ugandans to explore a variety of other foods available like cassava, plantains and millet amid the high cost of wheat.

His stance is a sharp contrast against measures that other countries in the region have taken. Kenya announced on Wednesday a fifth stimulus package on food subsidies to cushion its citizens against the cost of living, while the Tanzanian government announced a $43 million fuel subsidy in May.— BBC

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