Government revises economic growth figures - Business | NTV

Government revises economic growth figures

Wednesday June 6, 2018

The government has revised the country’s GDP growth rate from 3.9% last Financial year to 5.8% arguing that the agricultural sector among others stimulated the economy with a 3.2% growth up from 2 % over the same period. 

President Yoweri Museveni in his State of the Nation Address delivered on Wednesday afternoon, highlighted fertilisers and irrigation as critical interventions to stimulate and keep the country’s hitherto economic mainstay more productive. 

But several stakeholders and policy assessors maintain that there are numerous structural issues with the economy that government must instead prioritise.