UpPhoto,At the session at Kololo, President Museveni signed the launch of the 4th National Development Plan
Kampala, Uganda |IND & URN | President Yoweri Museveni has assured Ugandans that the country is now unstoppable in terms of economic growth and socioeconomic transformation and will in the next five years be a 500 billion dollar economy.
“What I have said in this long speech is that Uganda is now unstoppable in terms of economic growth and socioeconomic transformation. Our security apparatus is also robust. All this is in spite of the mistakes of the careerists that infiltrated the civilian echelons of the NRM and even within the UPDF to some extent,” Museveni said.
Delivering his State of the Nation Address, which also launches the fifth and last session of the current (11th) Parliament, the President also projected that in purchasing power parity, the economy will reach $296 billion by 2030.
By the end of this financial year (end of June 2025) the size of the economy is estimated at 60 Billion Dollars, up from $53.6 Billion (202.7 Trillion Shillings)
“The fast economic growth I talked about in the Economy, is on account of four factors. These are: the correct philosophical, ideological and strategic positions of the NRM as already pointed out; the NRM/UPDF that liberated the country and has ensured peace eversince; the wealth creators in the four sectors of Agriculture, Manufacturing (industries), Services and ICT; and the responsible political actors in the NRM and others that have contributed to harmony,” he said.
The President attributed this growth to strategic investments in infrastructure, value addition and industrialization aimed at transforming Uganda into a modern, self-sustaining economy.
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