President Yoweri Kaguta Museveni, who also serves as the National Chairman of the National Resistance Movement (NRM), On Friday, February 2, 2024, met with the party’s parliamentary caucus at State House in Entebbe.
During the meeting, the President and Members of Parliament discussed Rationalisation of Government Agencies and Public Expenditure (RAPEX).
“The subject we are discussing is strategic. If you don’t correctly answer strategic questions, you’ll have problems, but if you do, you’ll win,” he explained.
President Museveni also informed the caucus members that if the government decides to implement rationalisation now, they will save Shs1 trillion per year.
“When we talk of rationalisation, we are talking of first of all, doing things which are rational and save money.”
He added that during rationalisation, the entire structure of the government should be designed to support wealth creators, as they are critical to the country’s development.
“This rationalisation issue is a strategic one, and the way to deal with it is to begin by asking the question that Adam Smith answered in 1776 in his book “The Source of the Wealth of Nations,” namely, where does wealth come from? Because no group of leaders can succeed unless they answer that question. “That is why there is so much chaos in so many parts of the world,” the President stated.
“Wealth creation is the issue of enabling families and companies as well as individuals to produce goods and services and sell them and do so with “ekibaro”. Now, who are these wealth creators? Commercial farmers come first, followed by manufacturers, then service providers, and finally ICT. So, what do we need? They require peace, infrastructure (e.g., roads, railways, electricity), capital, skills, and technical assistance.”
The President also advised legislators that if they want to be successful politicians, they must help the people they serve create wealth by educating them on the four economic sectors.
Hon. Denis Hamson Obua, Government Chief Whip and Chairperson of the NRM Parliamentary Caucus, stated that the caucus supports the rationalisation of government agencies and public expenditure through the enactment of sector-specific legislation in Parliament.
During the same meeting, Bukoto South MP Hon. Twaha Kagabo, a member of the opposition National Unity Platform (NUP), pledged to work with the ruling party to improve the lives of the people he represents.