Department of Economics

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Experts tip govt on taxes
(New Vision, 2017-11-06) Kayiwa, Edward
There is need to curb corruption, increase enforcement in tax collection and expand the tax book, experts have advised the Government. According to Ramathan Goobi, an economics researcher and consultant, Uganda has less than one million taxpayers, who are expected to contribute 97.3% of the sh15 trillion domestic revenue in 2017/18.
Good financial reporting induces trust in companies' performance
(New Vision, 2017-12-05) Kayiwa, Edward
Last year, Prime Minister Dr Ruhakana Rugunda advised accounting professionals to adhere to high levels of transparency in financial reporting. He said this would attract both local and foreign investors. Rugunda described financial reporting as essential in attracting investment in the key production sectors of the country, to stimulate development and structural growth of the economy.
Protect local industry from foreign competition - expert
(New Vision, 2017-12-05) Kayiwa, Edward
As Uganda pushes for the Buy Uganda Build Uganda policy, South Korean economist Ha-Joon Chang has advised that protection of the local industry from external competition is essential for it to survive and thrive. He said the country's nascent industries do not have the economies of scale that their older competitors from other countries may have, and thus need to be protected until they can attain similar economies of scale.