The Finance Ministry Permanent Secretary and Secretary to the Treasury (PSST) Dr. Ramathan Ggoobi has firmly dismissed public concerns that election-related spending could trigger inflation and disrupt Uganda’s economy.

“I want to assure every Ugandan wherever you are, that there is nothing like election money destabilising us in Uganda. It’s not there,” Dr. Ggoobi said while appearing KFM’s VPN program on Saturday morning.

He highlighted the improved coordination between the Ministry of Finance, Planning and Economic Development and the Bank of Uganda, noting that monetary policy is functioning well and praising the Governor and his team for effectively controlling the money supply.

Dr. Ggoobi pointed to recent data showing inflation eased to 3.1% in December 2025, down from 3.2% in November 2025 and 3.4% in October 2025.

He explained the classic driver of inflation – “having too much money chasing few goods” – and stressed that this scenario no longer applies in Uganda.

The PSST praised the Parish Development Model (PDM) as a pivotal strategy by President Kaguta Museveni and the NRM government, emphasizing how it has empowered previously excluded communities by boosting their productive capacity and significantly raising food output.

Dr. Ggoobi revealed that the government has disbursed approximately Shs 4 trillion under the PDM so far, with many beneficiaries making successful investments—contrary to skepticism from Kampala’s elite circles.