Report from the MoFPED shows the growing Ugandan debt by June 2016!

Again, the Ministry of Finance, Planning and Economic Development (MoFPED) dropped another report on the fiscal policies and the fiscal health of the economy in Uganda. The National Resistance Movement (NRM) have created this environment as the growing debt and growing interest payment comes with their planned debt rise. Still, the PriceWaterhouseCoopers spelled gloom earlier in the year, as this report was dropped on the MoFPED web page today. Even if the Report was spelled out in December 2016. It is if like the NRM didn’t want this to spelled out early. Since the numbers aren’t compelling of an arts piece, more issues… just take a look!

The stock of total public debt grew from US$ 7.2 billion at the end of June 2015 to US$ 8.4 billion in June 2016. This represents an increase from 30.6% of GDP to 33.8% over the two periods. The increase was largely on account of external debt, which grew from US$ 4.4 billion to US$ 5.2 billion over the period. Domestic debt increased from US$ 2.8 billion to US$ 3.2 billion” (MoFPED, P:V, 2016).

That the debt are growing quick, as the public debt grew with US$ 1.2 billion, that the percentage of GDP went up with 3,2%, the external debt rose with US$ 0.8 billion and the Domestic debt went up US$ 0.4 billion. All of these numbers show the amount of monies that the Government are adding on their debt, as the UNRA and the development projects are suspended by World Bank. So the Infrastructure development can be questioned as the growing debt, as the government must have other uses of the growing and scaled up debt. Since the transparency of the economy isn’t there and that the sanctioned bills comes from the State House. Just look at the growing interest rates as well.

Interest Payment as a percentage of GDP stood at 2.2% as at end June 2016, up from 1.9% as at June 2015. The increase is largely explained by interest payments on domestic debt, which grew from Shs 1,077 billion in FY2014/15 to 1,470 billion in FY2015/16. There was a significant increase in the weighted average interest rate of Government debt; from 5.9% to 6.5% in June 2015/16. This followed increases in the weighted interest rates for both domestic and external debt, from 13.6% to 15.3% for domestic debt and from 0.9% to 1.2% external debt. As interest rates increase, so do the debt service obligations of Government” (MoFPED, P: 4, 2016).

The difference between June 2015 and June 2016 the percentage has grown with 0.3%, the domestic interest rate grew with Shs. 0.393 billion. The Interest rate alone went up by percentage 0.6%, as the weighted interest rates went up 1.7%. The key sentence that the report wrote and I repeat: “As interest rates increase, so do the debt service obligations of Government”.

That idea isn’t only on the interest payment percentages are running higher, but as the debt goes up, the interests goes up. So the Debt Service Obligations are going up for the Government. This is a natural outcome, that the obligations for the state goes up with the amount of debt it rises. So the government can try to portray this is controlled, and to one extent it is under control. Still, the growth in this regard proves that the NRM regime are pilling up debt and increasing their debt, as well as interests. In the end this will make the state worse. Especially knowing that the energy dams have been built poorly and many of the expensive roads haven been fruitful. This is development that the growing debt is being used to…

So the NRM regime and the Ugandan government isn’t believable… the rise of debt and interests show’s the current state of affairs. Even if the percentage is after plan, the government still has to take charge and make sure they can pay back both the debt and interests. Peace.

Reference:

Ministry of Finance, Planning and Economic Development (MoFPED) – ‘DEBT SUSTAINABILITY

ANALYSIS REPORT 2015/16’

RDC: La mauvaise gestion de la province du Haut-Katanga détournements de fonds publics par le Gouv Jean Claude Kazembe et ses collaborateurs

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Opinion: Too many Gangsters and too few Statesmen!

“The truth is that every intelligent man, as you know, dreams of being a gangster and of ruling over society by force alone. As it is not so easy as the detective novels might lead one to believe, one generally relies on politics and joins the cruelest party. What does it matter, after all, if by humiliating one’s mind one succeeds in dominating every one? I discovered in myself sweet dreams of oppression.” – Albert Camus

In the time of abundance of information, of knowledge and of history, we still reap of a world not of Statesmen, but of gangsters. These sort of people who collect themselves in dens at night to scheme and to plan their next theft. Instead of building nations, building republics and building the foundation needed for the future generations.

We have a leadership and a bunch of leaders, who are more around their wealth and their image, than their achievements, as the protocol is to standout, but not deliver polices that actually matter.

That the politician of our day, many of them and the ones who rule, wants to have power, they seek power and they grab power by any means. While the citizens in fear of answering the theft and the perfect crime, let it go for their safety and their families sake. The thieving from the highest offices, the might of these men. The vicious theft of state reserves done in broad day light, on the main-streets of the capitals of the world. As if the state coffers was personal reserves for Gucci or Fendi. Instead of serving the public with welfare and decent infrastructure.

The biggest thieves are the actual criminals, because they do in the dark and steal, they sell illegal dozes of drugs and violates justice with impunity. That is their role in society. They are supposed to be the ones who force ill and creates havoc if caught. The leadership of the nations are supposed to be the example of men, the one the citizens looks up to and want to become. They want to emulate and know that these men makes the future.

Instead, they are vicious, playing in codes and use all sort of tricks to get the public funds, to misuse and allocate the funds, so that the welfare dies and the state suffers. So that they can ride in the most expensive vehicles known to men, so they can afford the best cuts of meat, one prime real estate and wear the fancies imported suits. Still, the ones they are take care off; they suffer and can nearly scrap funds for the schooling for their daughters and sons.

Therefore, the biggest thief is not the ones who actually does direct crime, but the gangsters in Parliament, in local government and the Presidents. Who eats of the government plate, take the funds without any hesitation and spends their time sponging fortunes, which was supposed to benefit the public. These sort of acts of looting that skates by and leave nothing, but dust behind.

That the sweet dreams of oppression, the sanity of society and the knowledge of the culprit, the knowledge of the capacity of the leadership and regimes to misuse their power and their connections, the altercation of the norms to benefit the elite and the businesses surrounding the state. Instead of having a state that actually works of the citizens. There are certain signs of misbehavior that never should happen. So that the citizens are sure their representatives are men of honor and men of pride, not just who eats of the plate of the citizens. That doesn’t misuse the capacity as representative to get wealth, but to build their nations. As a functioning branch that support the citizens and listens to the will of the citizens. Since if, they get wealth by being connecting to corporations, to international community, more than the citizens. Then there is something wrong with the system between citizens and their representatives.

The leadership should not focus on the power they have, but the power that is bestowed them. They would not have it, if it were not for the people. They would just be citizens without any special function or be deserves anything else. The representatives are there as an acknowledgement from their constituency. If they forget that, then it is time to change them. Then the public should elect someone else, since the citizens deserves better representation.

Therefore, as we see today and look beyond for tomorrow, we should think of the reasons why we have so many gangsters in charge, why we let them and why we cannot get rid of them. They are there with force, but not with our will. We should act upon it and deservedly not let us, be taken for granted or being used by some gangsters. We should give time and effort to dismantle the leadership and finds way to forge a new future. With leaders who represent not only themselves, but also their constituent and their will.

That the people who are having nations run by gangsters should feel betrayed, they should find ways to get rid of them. Not just let it be status quo, let them run the shop and take the spoils. Leave nothing behind, but stolen promises and leaflets of pledges. The empty hope and the theft of nations, as the resources, the future generations and the present struggles become harder, as the crime of the gangster are determined in dens without knowledge of the commons.

These sort of acts should not have the time or the day, in our age, but they do and with a grander acts than before, and we let it happen. We let them take, we let them do and we let them justify their rule. As we are just citizens, they can walkover and does not need to serve. As long as we let the gangsters, we are at our own fault, as we let the crime go-on… and go-on… with no plan of change for the better. We just let our government sink as a ship, with no exit plan and no Plan B.

The Gangsters are eating, we are drowning, is this the supposed enlightenment we as society was supposed to have? Peace.

The NRM Regime have during the FY2015/2016 fallen behind on paying out UGX 2.7 trillion!

Today I am dropping numbers that are devastating, as the numbers of debt that the National Resistance Movement (NRM) isn’t paying, show’s sufficient motives for malpractice when it comes to budgeting and the structure of payments. There are certainly not enough transparency and clear audit of the state reserves, as the State is misusing seriously amount of funds. The NRM Regime and their President should be ashamed by their record.

Emmanuel Katongole is the Head Information Technology in the Ministry of Finance, Planning and Economic Development (MoFPED) in Uganda on the 12th April 2017, he dropped a document on their web-page that show’s the domestic arrears of the Republic of Uganda in the last Financial Year.

If you wonder what Domestic Arrears means: “The amount by which a government has fallen behind in its payment of interest and principal on debt to lenders within its own country” (Encyclo.co.uk). So Katongole will literately show how bad the National Resistance Movement is on paying their bills and expenditure. All the sums of this report is in Ugandan Shillings (UGX).

Like under the Office of the President and the Internal Security Organisation (ISO) who itself leaves arrears in the margin of 3.8bn shillings and 8bn shillings in other payable arrears. That one part of the budget and current audit of the Office of the President as the total of verified arrears at June 2016 was 37bn shillings alone. So the Office of the President owes a lot of funds that it hasn’t paid, not only for the ISO!

The State House by the verified arrears at June 2016 was 1bn shillings. What is more unsettling is that the Pensions and Gratitude for Veterans are the sum of 183bn shillings, Survivors 315bn shillings, EXGRATIA 10bn and UNLA 26bn shillings. The Ministry of Defense by June 2016 verified arrears was 718bn shillings! So the MoD are a lax payer of their expenses and expenditure.

Ministry of Justice and Constitutional Affairs owes verified arrears by June 2016 the amount of 684bn. Shillings Court Awards unpaid by the Ministry is 203bn shillings. The Electoral Commission has growing verified arrears by June 2016 because of Unsettled penal insterest for URA in the total sum of 3.2bn shillings. Uganda National Roads Authority (UNRA) has by June 2016 billed up verified arrears by 283bn shillings.

This is just some of the government that has not paid their dues and their expenses, their salaries or pensions, even their lacking covering of funds to pay debt, either internal or external. So the National Resistance Movement are clearly running an economy and fiscal policy that isn’t healthy for the republic.

Just to drop the total sum that the Government of Uganda has failed to pay or failed payments on their debt are by June 2016 the total of 2.7 Trillions of Uganda Shillings! Which is an insane number and amount of misspent monies by the state. The strategy by the Republic to fail so miserably cannot be sustainable, as the invoices and the target to pay their debt should be the most important. Still, the NRM doesn’t seem to think so. They are surely missing steps to having a sound economy when the verified arrears are hitting 2.7 trillions by June 2016. So the Financial Year of 2015/2016, the Ugandan government failed to serve out over 2 trillion of their needed expenses!

What is troubling that the year before, the total state had not paid on their debt and failing expenses in the Financial Year of 2014/2015 as by June 2015 we’re totally 1.389 or close to 1.4 Trillion shillings. So the miss-match between FY2014/2015 and FY 2015/2016 are 1.3 Trillion shillings. So the clear picture is that the Election Year for the NRM is very, very expensive.

Just think about that… eat the bill and pound on the amount of lost monies in the system. Peace.

 

Uganda: Morrison Rwakakamba resigns as Special Presidential Assistant (18.04.2017)

Opinion: Theresa May has some nerve calling for elections!

Usually, I wouldn’t mind that the United Kingdom calls an election, any election for their House of Commons. As they are doing it now and then, especially as the Prime Minister Theresa May is playing her cards. She is playing them with high risks.

That there are 23 Tories that are under question for their Election spending in 2015 could be reason for her sudden approach as the By-Elections aren’t as easy as the Prime Minister expecting. Even as the Labour party is split between the Pro-Corbyn and the Blairites. So May thinks she can eats the spoils in June 2017.

Just as the people forgets as they we’re triggering the article 50 of the Lisbon Treaty and the European Commission and the European Parliament are setting their standards for the Negotiations. She needs to risk her own party and her kingdom. Braze yourself, the United Kingdom is surely not UNITED.

The UK is not united, we should hope that the Northern Irish votes in drones for Sinn Fein and that the Scottish vote for Scottish National Party. That the Welsh are voting for whoever who isn’t the Tories. So that the Conservative Party can be hard hit for putting David Davis as Brexit Minister, Boris Johnson as Foreign Secretary and so on. That David Cameron was a smug educated brother was well-known. But Theresa May is just arrogant!

That Theresa May weeks after triggering the Article 50 are triggering her own elections, proves her own, high and mighty belief in herself. Since when the Holyrood or the Scottish Parliament voted for a new referendum, they we’re told by the House of Commons and Prime Minister. “It was not the time; to have elections because of Brexit”. Still the same woman saying so is calling for elections. She herself is getting people to the ballots, as she said to the Scottish: “Fuck off!”.

That Prime Minister May could tell off Nicola Sturgeon and the Scottish Parliament without any cause of concern, but within a month call her own election. Show’s that she doesn’t care about other things than her own power. She doesn’t care about the sovereign, about the United Kingdom or the British Isle’s. What is more important and only thing that is important is that she has POWER.

PM May in Number 10, is creating her ‘Little Britain’, her own little chappie and image of Hard Brexit needs to have sufficient power inside the House of Commons. That she might get that after the election in June 2017. Might be true, but she shows that the risks it all, as the place of reality might have differed. The unknown facts of Brexit and how that will cost. If you think Scotland become an ugly duckling outside of United Kingdom, how do you think the United Kingdom will be outside the European Union?

Today’s Statement from Corbyn as PM May doesn’t want to debate before the Election!

Why can still the UK have their referendum, but PM May holding back the Scottish possibility for liberty, is it only fair to have their own sovereign in London and at Whitehall, but not Holyrood? Can she be a bit serious. The world is following and we now know that PM May has only her self interest and winning political gain for herself, not the better for United Kingdom or the provinces of the British Isle’s.

The Northern Irish and Scottish should prepare to vote against the Tories, the Welsh should also as their industry hasn’t been taken cared of under the Tories. If you don’t care for voting the Labour, than vote the Liberal Democrats (Lib-Dem) or even Greens as protest against the PM May arrogance. That would be healthy choice as the Conservative Party are just a cobbler covered of United Kingdom Independence Party (UKIP). Does the British people want to go totally to the Right? Or are the British Isle a right-wing country now, who fears Europe and cannot handle to import produce and people from the rest of the world?

Since this from the same country who had no problem being the empire where the sun never set. The country who could steal cotton, tea and labour from the whole planet earth. The country who could destroy the industry of clothes in India, so they had to import Tweed from London. So this country should be thinking twice, as their legacy as colonial, will never let go and their Leylands are still in the car graveyards all over the world. Peace.

Opinion: These two ideas shouldn’t be thing in 2017: Goats for tuition fees and Jerrycan-Irrigation!

NRM in July 2016 in Kakinga in Western Uganda.

In the Republic of Uganda and Zimbabwe there are two issues that should not occur or need to happen, as the societies under Zimbabwean African National Union Patriotic Front (ZANU-PF) and National Resistance Movement (NRM), that President Robert Mugabe and President Yoweri Museveni has been the Executives for decades.

These two republics has both their issues concerning these gentleman, though not the same. Still, the republics has some dire needs. You know so, when President Museveni has to spread this message in the year of 2017:

I continue to encourage farmers to use drip irrigation. Even as we wait for government to roll out mass irrigation, farmers can irrigate their crops with basic tools like bottles. No one should let seedlings go to waste on claims of drought yet we are surrounded by water” (Yoweri Museveni, 16.04.2017).

The Jerrycan and bottle irrigation mantra in the land of steady progress, you can wonder and pound about the agriculture reforms that was about to happen when the NRM came into power. Where the wealth creation and the cash crops we’re supposed to change the economic landscape. Still, since the Movement ceased power in 1986, the same President as back-then has to spread the message of a drip-drop irrigation system based on bottles and jerrycans. Instead of modern agriculture, because of how he misused the state reserves and the donated aid. Therefore, the lacking facilitation of agriculture. So it is sad to know that the President Museveni has to propagandize the jerrycan irrigation system, like it is a fantastic invention and something that would really be a paradigm shift.

Than you have in Zimbabwe, the county of the Lancaster House Agreement, the ZANU-PF elite and the Bond-Notes, with a massive movement behind the voices of opposition, as well as the financial troubles under President Mugabe. Who has turned the Southern African breadbasket unto a food-import heaven as his land-reforms has destroyed the agricultural production as well as the economic climate. Therefore this news shouldn’t be a thing of 2017!

Parents who cannot raise tuition fees for children can offer livestock in lieu of payment or do chores for learning institutions, a Cabinet minister has said. The Sunday Mail understands that several State-run primary schools in Glen View, Harare have already adopted the arrangement. Primary and Secondary Education Minister Dr Lazarus Dokora told this paper last week, “Our schools have to be flexible and ensure those who do not have money to pay fees can work. For example, if there is a builder in the community, he/she must be given that opportunity to work as a form of payment of tuition fees” (…) “On the issue of livestock, the community has to arrange a market where everyone participates; from the school authorities, local leadership and parents themselves to avoid parents being duped” (Gwete, 2017).

So in the proud republic of Zimbabwe the Cabinet Minister Dr. Lazarus Dokora, says parents who doesn’t have enough cash to pay tuition fees can now pay in livestock or goats. We know by now that the faith in the Bond-Notes is abysmal, still that the Republic has such little cash flow; that can take animals as payments. Shows the neglect of the state, the little money circulation and the financial vows right now. If the financial market and the currency we’re in a better condition, than such massive amount of parents wouldn’t have to trade their goats and livestock so their kids can go to school.

That under President Mugabe, the citizens have to use their livestock and goats as trading tools, or even as currency because of the lack of stable financial policies. This shows the draconian state and what sort of government that is in charge. When they are more concerned about their Mercedes Benz’s than the population!

That the Zimbabwean people and citizens of the Republic run by Zanu-PF should feel betrayed by the lack of governance and care of the taxpayers funds. The Zimbabwean people should be in sorrow as even as their state is insufficient, it now has a plan not to only eat their monies, but also take their animals. So that the future of Zimbabwe can learn how to read and write, even type and some hopefully understanding better what it means to be a Statesmen. A Statesmen that cares about its constituent and their struggles, not just eat of it and leave them to rot. That is what the Zanu-PF elite does right now.

What we have have seen with these two stories is clear lack of policies and wish to intervene in the struggles of the citizens. We can see two governments, that is Zanu-PF and NRM, who clearly are both out-of-time and out-of-pocket as they scrap their best ideas to salvage some hope. The hope is that some can be duped by the idea and support the so-called progress. That it is progressive to take goats as currency to pay for tuition and the other revolutionary idea of using bottles and jerrycans to irrigate the dirt. That President Museveni and President Mugabe is over-due is proof with this. The milk is thick and nasty. The milk is not drinkable and if so you will vomit. The reality is that these men doesn’t see or doesn’t want to see.

They are eating of the plate and sells their propaganda, the own mindset of lies and deception, and it has been said so many times that the old-men believes. Even if it isn’t so. The manufactured reality and the destruction of the society, is the reasons for these tales, many factors involved, but the Presidents has been there through the stages. They have seen it all and created policies that has changed to this level of underdevelopment. If they really did care, than the countries would have looked different. If they would have created parliaments for serving cadres for the people and not their own bellies like right now. That is why many of them think these sort of policies are acceptable and even profess to them. Therefore, the republic’s are living in a state they doesn’t deserve and the citizens are used as pawns. Peace.

Reference:

Gwete, Wendy – ‘‘Pay school fees with goats, labour’ (15.02.2017) link:

http://www.sundaymail.co.zw/pay-school-fees-with-goats-labour/

Uganda: ICTAU “Re: SIM Card Registration Exercise” (13.04.2017)