Tag Archives: debt

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 …

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 …

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 …

COMMENT | CLEVER NICHOLAS | In today’s fast-paced world, striking a balance between debt repayment and saving for the future is crucial for achieving financial stability and long-term success. Managing debt effectively while simultaneously building a savings cushion can provide individuals with a solid foundation for their financial well-being. This article …

Kampala, Uganda | THE INDEPENDENT | The government is considering the suspension of its subscription to some international organizations due to a growing debt burden, which has reached 49 billion shillings. Vincent Bagiire, the Permanent Secretary of the Ministry of Foreign Affairs, says that Uganda has defaulted on several financial …

Kampala, Uganda | THE INDEPENDENT | The government of Uganda and individuals at family levels have been cautioned against borrowing for the sake of impressing others. The cautionary call has been sounded by seasoned Makerere University Professor of Economics, Augustus Nuwagaba amidst concern about the increasing public debate. “It is …

  COMMENT | CLEVER NICHOLAS | Debt is not merely a financial burden; it can also take a toll on our emotional well-being. The psychology of debt delves into the complex interplay between money and our emotions, highlighting the emotional challenges that often accompany financial obligations. However, understanding these challenges …

It’s time to push for greater debt transparency across all creditors and natural resource backed loans should no longer be used as collateral Kampala, Uganda | RONALD MUSOKE | Africa’s total external debt hit the US$ 1 trillion-mark last year and is expected to rise up to US$ 1.13 trillion by …

Why government’s biggest problem is not the size of its debt but its cost of borrowing THE LAST WORD | Andrew M. Mwenda | Uganda’s 2023/24 budget, like all previous ones in the last few years, has generated a lot of controversy about the role of public debt in our national life. Growths …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni says he is opposed to the number of loans being acquired from domestic and external lenders. Speaking at the conclusion of the budget speech for 2023/2024, President Museveni blamed the appetite for borrowing on indiscipline in government spending. He said some …