Parliament applauds Kasaija as he admits government lacks funds to run country

Kasaija made the remarks while divulging the performance of the first half of funds released in the new financial year 2022/2023. He mentioned that even that money was very small compared to what the state agencies need.

According to him, the country's tax body, Uganda Revenue Authority (URA), is also performing poorly. Because the economy is taking a nose-dive, the revenue collected reflects it.

Kasaija mentioned that at this rate he would borrow funds from the Central Bank of Uganda to repair the damages from low funding and reinstate the smooth running of the economy. However, he said, the only drawback is that the bank would impose a high interest rate.

In response, Pakwach District MP Jane Pachuto applauded Kasaija for revealing the truth unlike his colleagues who are using inflation as a scapegoat for poor economic performance.

Pachuto said that since the truth is out, correct measures can be implemented towards remedying the dire economic circumstances the country is mired in.

Margret Makhoha, Namayingo District MP, also commended the minister for his admittance but advised him to embark on government's plan to rescue citizens dealing with bad businesses with immediate effect.

Kasaija promised the house that he would return next week with Ramathan Ggoobi, the Permanent Secretary and Secretary to the Treasury (PSST), Ministry of Finance, Planning and Economic Development, to further explain the state of the economy.