Finance Minister Matia Kasaija has admitted that the economy is not doing well. The minister while addressing a policy dialogue at Uganda Management Institute on 4th October 2018 said that a lot of the growth in the economy is not trickling down to individual pockets because government is investing into big infrastructure projects that are being worked on by multinational companies.
The minister challenged the academia and researchers to write papers advising government on how to tackle unemployment and soften the public's resistance and aversion towards government tax policies especially the OTT & Mobile money tax. At the public policy dialogue hosted by UMI the minister addressed Uganda's eminent researchers, scholars & economists.
Kasaija said he had been recently shocked when he went for a drink and tennis at his favorite Kampala Club only to find , shockingly, that he was the only customer at the club that evening. He says the entire evening there was only himself and two other customers who left by 7:30pm. He says the waitresses and managers told him that's what happens to such businesses these days because of too much poverty & prevailing economic hardships. On another occasion, he said, he had masked himself and sneaked into the Kikuubo business hub and made similar findings. He said there is something that has terribly gone wrong in the country and that government is open to well-researched policy proposals on how to ensure economic parity and normalcy.