FINANCE MINISTER SETS AGENDA FOR HIS TENURE:
Finance Minister @henrymusasizi1 today shared his vision for the Ministry with @mofpedU top management team as he embarks on executing his mandate.
While chairing his maiden top management meeting, Musasizi said his commitment is to transition Uganda from incremental growth to exponential economic take-off through these five pillars.
1️⃣ The USD 500 billion target. “We shall relentlessly execute the tenfold growth strategy to turn Uganda into a 500 billion-dollar-economy,” he said.
2️⃣Enforcing absolute discipline. “We shall shift the Ministry culture from spending money to enforcing results,” Musasizi said, adding that he will demand strict budget discipline, aggressive procurement reforms and rigorous value for money audits on all public projects.
3️⃣Aggressive revenue mobilization. “We shall implement the second domestic revenue mobilization strategy to push our revenue to GDP ratio to at least 20%, cutting external dependency,” said Musasizi.
4️⃣Presidential wealth creation agenda. Musasizi said the Ministry will prioritise funding and tracking the commercialization of the smallholders to ensure every Ugandan enters the money economy.
5️⃣Smart oil governance. “We shall manage our impending oil revenues with bulletproof institutional guardrails,” said the Minister, adding that oil revenue will be used to build infrastructure. He said the goal is for Uganda to become an oil producer but never an oil dependent economy.
Comrade, I hear you! I learnt a while ago that when addressing challenges affecting a country's tax system(Policy, administration,laws tax structure, taxpayers....), the prefered and logical approach is doing so in a manner that allows tackling of the primary causes as opposed to what is being displayed. This is to avoid coming up with solutions akin to pouring water in the basket. Take your example of tax evasion; Tax policy can inadvertently promote tax evasion in a particular sector either through the laws, critical omissions or its careless implementation; Low tax morale can do likewise; the ease with which taxpayer complaints are handled and resolved can endear a taxpayer into this vice or dissuade them from participating; Taxpayers'perceptions of the fairness in the tax system can be a trigger and so is the tax burden. Handling the smuggling/tax evasion without dealing with some of these fundamentals will only give you partial results and keep you in a very costly relationship with these taxpayers. Ofcourse the ones motivated by greed and reckless business behaviour may be curtailed operationally but the former category requires a whole of government approach to mitigate the causes I enumerated above. What I am stating in so many words bro, is that my detailed paper attempts that approach and looks at the root cause analysis through the experienced lens of a tax admistrator and consultant with different revenue authorities. I look forward to a further discussion with you on the same. Thank you.
@RSsuuna@rggoobi Good one Robert. Thank you. Indeed its not a silver bullet! Some of the areas you highlight for attention are well covered in the detailed proposal I made. Will share it.
Thanks Moses. Indeed the organisation chart is not as fundamental as the Political Will. The challenge is how to tap into this will? Public benefit and political benefit usually generate political will. If the reform can substantially produce the two, I believe you will have unlimited political will going forward
Thank you Claire for sharing your thoughts. I associate with your views specifically on the revenue mobilisation. I like the debate on the existing structure and mechanisms. Having participated in their development, I can tell you without a doubt, that I held the view that they were adequate until the foundation cracks appeared. These cracks are not visible to the outsider but are stumbling blocks to effective and efficient revenue mobilisation. I am happy to further the debate with you.
The new General Secretary of PLU is Hon.Fadil Twalla. I will work closely with him to achieve our objectives. I thank Hon.Kabanda for his 3 years of excellent service. He set the standard high for the position.
Congratulations President @ShemIsaac4
My Rotary journey after returning to Uganda is anchored in you.
Who would have thought that the friend who pulled me deeper into Rotary would one day become President and somehow end up with even more meetings than the rest of us?
Wishing you a phenomenal year ahead, my friend
#RotaryEyamba
Leadership Has an Expiry Date: What PAU, IRA and UNOC Reveal About Uganda’s Governance Culture
Leadership is temporary. Institutions are permanent. As Uganda's strategic agencies, including @PAU_Uganda, @UNOC_UG, and @IraUganda, face leadership transition debates, the bigger question isn't who stays or leaves. It's whether our institutions are strong enough to thrive beyond their founding leaders.
Read full story 👉🏾https://t.co/DSToY3Uj33
#Governance #Leadership #Uganda #SuccessionPlanning