Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BoU) has warned that the rate at which Uganda’s public debt is increasing is a cause for worry as the country now hits 53 trillion Shillings in debt. BoU Governor Emmanuel Tumusiime Mutebile issued the warning on Thursday while appearing before …
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Economists suggest that the government needs to balance investment in development and productive sectors Kampala, Uganda | ISAAC KHISA | Uganda government plans to borrow Shs8.73 trillion from local and international lenders to fund the bloated Shs 45.4trillion budget amidst the coronavirus pandemic threat. According to the Ministry of Finance …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Public Accounts Committee (PAC) has questioned the Secretary to Treasury Keith Muhakanizi over failure to prioritize and categorize domestic arrears under the stock of public debt. Muhakanizi together with the Accountant General Lawrence Ssemakula were on Tuesday appearing before the committee to respond …
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Kampala, Uganda | THE INDEPENDENT | Uganda’s capacity to manage its growing public debt will depend on the country’s ability to export oil by 2023, a Bank of Uganda June 2019 State of the Economy report has shown. In the report, the Central Bank indicates that Uganda’s public debt stock will …
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