How reliance on misguided cultural and nationalistic sentiments are driving Uganda into a bad debt situation THE LAST WORD | Andrew M. Mwenda | Our country is headed directly into the storms of economic crisis. And it is unlikely it can pull itself back from the brink. This is because too much sentiment …
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Kampala, Uganda | THE INDEPENDENT | The government spending plans have fallen short by sh3.337 trillion in the first seven months of this financial year, as revenue mobilization continues to be a thorn in government operations. This failure to meet its spending targets, made it worse for project implementation, as …
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Kampala, Uganda | THE INDEPENDENT | Amidst global calls on governments to increase funding for climate activities, Uganda is torn between allocating more of her resources to the cause and keeping the national debt levels in check. According to Uganda’s Nationally Determined Contributions as updated, in fulfilment of Article 4 of …
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Kampala, Uganda | THE INDEPENDENT | Bank of Uganda admits limited options against the depreciation of the Shillings, as it stares at the dwindling foreign exchange (FX) reserves. The Uganda Shilling traded at 4,000 to a dollar for the first time at a bank, as the depreciation trend continues for the …
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Kampala, Uganda | THE INDEPENDENT | The UN Trade and Development organ-(UNCTD) has called for urgent reforms to the global debt architecture to avert a widespread debt crisis among developing countries. In a report released this week, United Nations Conference on Trade and Development (UNCTAD) outlines a set of recommendations to …
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Kampala, Uganda | THE INDEPENDENT | Concerns on the increasing public debt burden continue to dominate debate and this time, Deputy Speaker, Thomas Tayebwa has directed the Committee on National Economy to make an assessment on the country’s public debt and report back to Parliament. Tayebwa made the directive during the …
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IMF tracking shows that no African state has sought comprehensive debt relief in over a year indicating a trend of growing fiscal hygiene across the region. SPECIAL REPORT | BIRD AGENCY | Countries in Africa are showing signs of improving fiscal management, as they navigate through a cascading set of global …
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Kampala, Uganda | THE INDEPENDENT | The government owes different organizations and persons up to 10.818 trillion shillings in unpaid amounts payable for various goods and services, fines, penalties, and taxes. About 316 billion shillings are in pension arrears, according to the updated audited arrears schedule for the financial year …
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Kampala, Uganda | PWATCH-UG| The Ministry of Finance has revealed that the Government will spend up to UGX 24.9 trillion on servicing Uganda’s public debt. This comes months after the Bank of Uganda reported that Uganda’s public debt as of August 2023 stood at UGX 88.807 trillion. The August debt …
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Lwengo, Uganda | THE INDEPENDENT | Lwengo district has lost prime property over an outstanding debt of sh30 million it owes Hajj Abdul Kitatta, the former Bukoto West Member of parliament. The district council has resolved to allow Hajj Kittata to take over five out of the nine acres of land …
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The Independent Uganda: You get the Truth we Pay the Price