President Museveni will today, Thursday June 6, deliver his State of the Nation address highlighting the current financial year’s economic progress as well as plans for the 2019/20 financial year.
The State of the Nation address, which is provided for under Article 101 of the Constitution, is delivered one week before the reading of the National Budget due next Thursday.
According to sources, the President is expected to address the tension between Uganda and Rwanda as well as other key issues such as the economy, energy, infrastructure, security and issues pertaining to governance.
Last week, the Uganda Bureau of Statistics (UBOS) released preliminary figures which showed slowed economic growth in the year 2018/19 of 0.1 percentage points.
President last year hinted on the fact that Uganda’s economy would grow fast, given ‘the deliberate steps we have taken to lay the foundation’.
“When we say that the economy is growing reasonably well, we mean that the four sectors are growing well. Indeed, industry grew at 6.2 per cent per annum, services at 7.3 per cent, ICT at 7.9 per cent and agriculture at 3.2 per cent. As you can see, it is only agriculture that is still growing slowly. Fortunately, we have or will soon have the necessary boosters for agriculture. These will be the use of fertilizers by more Ugandan farmers than at present and the farmers will use more irrigation,” he said then.
UBOS figures also show that the industrial sector registered a slightly lower growth rate of 5.8 per cent in 2018/19 compared to 6.1 per cent recorded for the 2017/18 fiscal year.
UBOS, however, clarified that the final figures on the performance of Ugandan economy will be released in October.