In a move to curtail increasing prices of agricultural products, government has proposed to invest in irrigation schemes to ensure farmers can produce food crops all year through.
The Minister of Information and National Guidance, Kabakumba Matsiko said this while reacting to increased public concerns of rising food prices that have increased the standard of living for most Ugandans.
Uganda Information and national Guidance Minister, Kabakumba Masiko
Kabakumba says other than improving production of agricultural products, government has no power to set up price ceiling in a liberalized economy.
Kabakumba added that government will not reduce the taxes because there are many services the public wants government to provide from the revenue raised from taxes.
The minister dimised criticisms against the government for the depreciating value of the shilling against the US dollar.
She said that in combating the problem of a depreciating shilling over a dollar, the Central Bank issued more dollars into circulation but it has not worked. She said other factors are beyond government’s reach.
The minister explained that dependency on nature is a key problem because when rain doe not drop food production will be low causing high demand that skyrockets the prices.