Inflation to rise in February -Economists

Economists predict that there will be a rise in the country’s inflation this month because of increased expenditure by government departments attached to the electoral process.

Senior advisor to government on the economy Dr. Fred Muhumuza says this month there will be more money in the economy as politicians, the electoral commission and other departments attached to the electoral process spend money on election activities

In an Interview with Radio One, Muhumuza says this expenditure will have a negative impact mainly on several government entities which will have their budgets cut in order to finance the elections

Story by

Wycliffe Sebunya

February 01 2016