News & Up­dates:

Deputy Speaker, Anita Among has tasked the Ministry of Finance, Planning and Economic Development to act on the concerns of high costs of essential household commodities and the rising cost of living raised by MPs. 

During a plenary session yesterday, She directed the junior finance minister, Henry Musasizi to report on the status of implementation of recommendations of Parliament’s Trade Committee on high prices of fuel. 

The directive followed concerns raised by Kampala Central MP, Mohammed Nsereko over the high fuel prices which had subsequently translated to the increase of prices of soap and sugar among other household commodities.

Nsereko was concerned that the cost of essential commodities was rising yet their income was not. He gave informed the House that a bar of soap has increased to shs9000 among other commodities.

Nsereko wondered what became of the Governments’ promise at the start of 2022 amidst the skyrocketing fuel prices to deter fuel dealers from hiking the prices.

He demanded that the Ministry of Finance explains to the country what plans it has for the short run to check on these soaring prices.

Tororo District Woman MP, Hon Hon Sarah Opendi added her voice on the need for Government to intervene on the rising prices of essential commodities.

She referred to concerns raised by some manufacturers of some essential commodities who blame the Government for imposing an import duty on the raw materials used to produce soap and detergents at 10 per cent where there was previously no tax on such materials.

He demanded a clear explanation from the Government on the measures being put in place to address the concerns.

The Shadow Minister for Finance, Hon Muwanga Kivumbi demanded the Finance Minister explains how the Government spent the stimulus package from the International Monetary Fund (IMF). He tasked the Minister to account for a loan of US$1 billion from the IMF and that US$280 million that had already been disbursed.

Dokolo District Woman MP, Hon Cecilia Ogwal appealed to the Government to intervene on the rising cost of living. She appealed to Parliament’s Committees of Trade and Finance to engage its experts to analyze the causes of inflation and guide the House and Government.

Bugaluba County South, Hon Maurice Kibalya raised concern over the high cost of production in the agricultural sector. He was concerned that whereas the Country has a policy that agricultural inputs are not taxed, the cost of agricultural inputs and products were very high.

He appealed to the Government to intervene and lower the cost of production in the agricultural product, inputs and products.

Minister Musasizi requested more time to be allowed to analyze the issue of inflation with technical officials and present a comprehensive statement on the matter.