Uganda – a Country where the debt burden is staggering at 37 trillion shillings and each citizen is required to pay 1 million shillings.
Uganda is again very highly indebted to the extent that one can’t stop wondering about the NRM meaning of steady progress, economic growth and development.
Over time – citizens have been entertained to slogans of a country making progress especially economically and security wise!
But like in the old times – when God decides that your time as a leader is up; everything falls apart! 2016/17 has seen the return of bad days of increased insecurity and increased economic hardships.
Economic hardship is a cross cutting problem and the only few people who are not affected are the extremely rich people who compose 1% of the population who even benefit from capital flight from the poor to the rich!
Fast Forward: Debt financing comprise of 30% of the 29 trillion budget but for all our debts to be paid in full, every citizen will have to pay 1 Million shillings! It’s important to note that majority of Uganda’s population are aged between 1-15 years. These are dependents (children).
Another bizarre development is the increment of taxes on medicines entering Uganda which automatically increases cost of treatment in a country where government hospitals are death traps.
THE BIG QUESTIONS:
Where will the children of Uganda get money to pay back the debt owned by their country? Were Ugandans consulted when these loans were being solicited?
Is falling sick a crime now in Uganda?
Which Way Uganda?
By the same writer: