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Uganda's economic growth must enter the pockets of its citizens

2025-06-11 Read:12
  
Core tips:According to Monitor on June 10th, civil society experts are calling on the Ugandan government to ensure that economic g

According to Monitor on June 10th, civil society experts are calling on the Ugandan government to ensure that economic growth is effectively translated into improvements in people's lives, rather than staying at the abstract level of numbers. Experts emphasized in an interview on Sunday, June 8th that Uganda's continuously expanding Gross Domestic Product (GDP) has not yet been reflected in the increase of people's purchasing power. Economist Pascal Muhanji of the civil society budget advocacy organization pointed out that it is necessary to pay attention to the relationship between production and sustainable debt: "If the growth rate of public debt continues to exceed GDP, it will eventually be unsustainable. The current GDP growth in Uganda is mainly driven by exports of gold and coffee, increased agricultural production, and emerging oil and gas industries. Ugandan President Yoweri Museveni praised the country's economic achievements since 1986 in his State of the Union address on June 5th - GDP has jumped from $3.4 billion to $60.4 billion today, and achieved a growth rate of 6.7% in the first quarter of the 2025/26 fiscal year.

 
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