Why growth remains an elusive goal in Uganda

rural+uganda

Uganda’s Finance Ministry is reviewing the budgets for sectors that have a direct impact on poverty reduction in the coming financial year to increase exports and jobs.

The Uganda National Panel Survey (UNPS) 2016 indicates that more Ugandans are becoming poorer in spite of huge anti-poverty investments.

The report by the Uganda National Bureau of Statistics says that 13.1 per cent, or 10.8 million Ugandans, slipped into poverty between 2013 and 2016, with the northern and eastern regions having the highest number of the chronically poor.

The report casts doubt on government’s agenda of uplifting Ugandan into middle-income status by 2020, where every  household is expected to earn per capita income of $1,033.

With the current per capita income at $788, attaining a middle-income status in three years’ time is but a fantasy, critics say. The country targets to have reached developed status with a per capita income of at $9,500 by 2040.

The UNPS is intended to provide high quality data on indicators like poverty, service delivery, governance and employment as a basis for monitoring the government’s development programmes.

The Finance Ministry blames poor agricultural production for the failure of its investments to reduce poverty and promote economic growth.

“Agriculture remains our biggest employer, but its capacity to transform economic activities along the value chain is not growing as fast,” said Patrick Ocailap, deputy secretary to the treasury. “But erratic weather has made things worse.”

Do not be Mean! Share this with your Friends

PinIt

About editorial@theagribusinessmagazine.com

Haam is the Managing Director of Rhamz International a Company that Publishes The Agribusiness Magazine. The Magazine is both print and can be accessed on-line on this website. The magazine is also available on mobile devices for Android and IOS Apple phones

View all posts by editorial@theagribusinessmagazine.com →

Related Posts

The statements, comments, or opinions expressed through the use of The Agribusiness Magazine Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of The Agribusiness Magazine.

The Agribusiness Magazine Online reserves the right to moderate, publish or delete a post without warning or consultation with the author. For any questions please contact editor@theagribusinessmagazine.com

OUR TWITTER FEED

Agribusiness Subscription
Hostnet Uganda digital ad
Insurance Spectator Advert

THE AGRIBUSINESS MAGAZINE TV

CURRENT ISSUE

VISITORS ONLINE

Now online: 143

DO NOT MISS THIS

PICTORIAL

  • New Israel Agritech Company Quickly Reaching International Success
  • 3 Steps to Prepare Your Garden for Planting
  • If you want to be Rich, Become A farmer
  • How Alex Nkwanga Reaps Big from Dog Breeding
  • Growing Pumpkins made easy
  • 11 Proven Health Benefits of Garlic
  • New Advanced Blood Pregnancy -Test for Cows Introduced in Kenya
  • 11 Health Benefits of Eating Garlic
  • Zimbabwe gets a Case IH Training Academy; to boost agric Productivity
  • Land Grabbing in Uganda Taken to another level
  • Youth, to get Free Irrigation Equipments
  • Equity Bank to get 3 million US dollars for Small Holder Farmers

OUR PARTNERS