Kampala — The presentation of the stimulus package in which government seeks to tackle the economic impact of the Covid-19 has been pushed to the next session of Parliament after Speaker Rebecca Kadaga rejected it yesterday.
Mr Kasaija has for the last two months not been able to present the economic stimulus after a Parliament's taskforce on Covid-19 presented key issues that need urgent attention as a result of the pandemic's impact .
The measures include lowering or suspending some taxes such as mobile money levy, Over the Top Tax (OTT) and those on essential commodities, reduction of lending rates by Bank of Uganda, and government to provide funds for fuel reserves, among others.
Other recommendations adopted by the House included capitalising the Uganda Development Bank to offer loans at zero interest rates, making budget to reflect the realities of the current situation, providing funds to procure air ambulances and supporting medium and small scale industries from collapsing.
Daily Monitor reported last week that some of the measures being planned by government included cheaper loans to small and medium enterprises, tax cuts for sectors badly affected by the pandemic, and defending the shilling to prevent imported inflation.
