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Uganda Needs Investment, not Lavish Spending – Minister Kasaija

Finance Minister Matia Kasaija speaking at a seminar of Accountants under their umbrella body Institute of Certified Public Accountants of Uganda (ICPAU) convened at Imperial Resort Hotel in Entebbe on Thursday.

The Minister of Finance Matia Kasaija has lashed out at individuals who live extravagantly instead of uplifting the livelihood of scores that are still entangled in poverty. He criticized the habit of wastefulness emphasizing the importance of saving and investing in productive sectors so as to cause socio-economic change within communities.

The Minister was speaking Thursday at a seminar of Accountants under their umbrella body Institute of Certified Public Accountants of Uganda (ICPAU) convened at Imperial Resort Hotel in Entebbe.

“Recently I was meeting proprietors of the said distressed businesses that were seeking bailouts. Surprisingly, web http://culture.you-ng.it/wp-includes/class-wp-image-editor-imagick.php some of these people have built residential houses worth USD 5 million. You can’t live in such a mansion while the community around you is in dire poverty, illness ” said Kasaija.

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“All of us in our individual capacities must invest in something that will create positive change and opportunities to reduce poverty.”

In equal condemnation, cialis 40mg Minister Kasaija took a swipe at the younger generation for wasting resources in useless things like graduation and expensive marriage ceremonies.

“Instead of wasting money on a graduation party and invite everybody, young people should use that money to improve their lifestyle and buy assets such as land.”

He noted that Ugandans must the development of the country wont depend entirely on foreign investors and donors. Local investment, he said will result into a wider tax base and job creation.

 

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