The Ministry of Finance has said government can’t do anything to help solve the problem of skyrocketing commodity prices in the country since this is experienced by the entire world.
Prices for a number of commodities have in the past two months gone up at terrific speed but this has been partly blamed on the ongoing Russia-Ukraine war.
A number of people have however asked government to waive taxes on fuel whereas others suggested fuel subsidies as a solution to tame the rising commodity prices.
Addressing journalists yesterday, the Ministry of Finance Permanent Secretary, Ramathan Goobi explained that all those suggestions will not help the situation because those who have done it before have faced problems, including President Idi Amin who attempted determining the pieces of goods he did not produce. END