Ugandan leader Gen. Yoweri Kaguta Museveni has denied saying Uganda is already a middle income country.
But he acknowledges saying Uganda is entering the middle income status.
“I didn’t say we have already become, I said we’re entering,” Museveni clarified to WION, Global Leadership Series, that his figures and revelation could have been misquoted.
From the time he made the speech at Kololo independence grounds Uganda been bickering with the World Bank on Uganda’s middle income status.
World Bank came out to dispute the figures presented to qualify Uganda into the status.
However, Uganda Bureau of Statistics (UBOS) defended Museveni’s position saying the variation with the World Bank figures was in the reported period and on the estimated size of the population.
The Executive Director of the Uganda Bureau of Statistics, Dr. Chris Mukiza, said that both entities have agreed to come up with updated statistics on the country’s middle income.
According to official data, the nation’s economy stood at about $45.7billion by the exchange rate method or $131billion by the Purchasing Power Parity (PPP) system.
“This means that the GDP per capita is $1046. We have now passed that figure of middle income status ($1,030),” Museveni was quoted to have said in his speech.
