These are turbulent times for Uganda’s economy. With decreased growth of the economy, many big companies are said to be choking in debt setting the stage for the debate – should the Government bail them out? In the past weeks, the media has been awash with various theories and even causing the Government to weigh in the debate. But the answers have been more confusing adding to the mystery.
The economy is heading into a place that is between a rock and a very deep cliff! Any slight change in the wrong direction could throw us over. Even Bank of Uganda’s magic has limits – anything of increasing money supply not backed by production and value addition could trigger the kind of inflation that has made some Zimbabweans fear that word.
A key area of focus will be URA’s strategy to meet its Ugx. 13 trillion target. Find a review of the tax collectors’ strategy in light of the prevailing economic conditions.
Expanding the tax base especially by mobilizing and transforming the informal sector is key. Automating the tax management processes to enable convenience for tax payers is another. But are these effective if government’s use of tax payers’ money has no clear tangible impact on the ground?
Will Uganda reap big from the oil dollars or will the oil curse bite hard? You will find more details in our special column.
This month’s edition also features an interesting piece on lending in turbulent times. Find out how to stay competitive and relevant in the lending industry through effectively managing credit risk. You wouldn’t want to miss this.
And finally, in all these circumstances, your health is paramount. We show you why you need regular check-ups and how to get them at cost friendly price.
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