FY2022/23 BUDGET SHORTFALL: Inflation hurting the economy
On Tuesday, we filed a report in the Daily Monitor on finance claims that it released less money in the first quarter of the 2022/2023 Financial Year in order to stem liquidity and tame inflation, Finance ministry on Monday attributed the shortfall to “what was available in it’s envelope. This has in turn seriously affected service delivery across the country according to people w spoke to our economist John Walugembe on the issue, he says while inflation has become a defining characteristic of the C19 recovery, careful focus should be on how it’s affecting the economy.
