April 20 (Bloomberg) -- Uganda intends spending 54 trillion shillings ($26 billion) on a five-year national development plan expected to raise citizens’ wages to middle-income levels by 2015, the Daily Monitor reported.
The plan may enable the country to increase average annual salaries 1.8 million shillings from 1 million shillings, the Kampala-based newspaper reported, citing President Yoweri Museveni. The plan will focus on investing in the energy, railway, water, air transport, health and education industries, it reported.
Showing posts with label Uganda. Show all posts
Showing posts with label Uganda. Show all posts
News round-up: Museveni hopes NDP has set Uganda on the path to become a middle-income country; Uganda maternal mortality rates among highest in world; religious leaders caution over condoms; farmers urged to go organic
President Yoweri Museveni yesterday outlined a series of proposals intended to firmly set Uganda on the path to becoming a middle-income country.
Unveiling the country's five-year National Development Plan (NDP), Museveni put infrastructure and the private sector at the heart of his proposals to increase the country's earning capabilities between now and 2015.
According to reports, the NDP aims to increase the annual earning potential of all Ugandans by around UShs 800,000 a year (around $380), from the UShs 1m to UShs 1.8m, over the next five years.
The Daily Monitor said the implementation of the plan will see the proportion of people living below the poverty line will fall from 31% to 25%.
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