MPs Propose Use of Reserves, Petroleum Tax Cuts to Ease Economic Pressure

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Video by UBC

Some Members of Parliament have criticised the government’s response to rising economic pressures and the weakening of the shilling against the US dollar, proposing the use of 10% of the country’s reserves and cuts to petroleum taxes to ease the burden on Ugandans.

The proposals are aimed at addressing the economic strain facing households and businesses, although further details on how the measures would be implemented were not provided.