Uganda: Market Too Small for Govt Borrowing - Expert

A development economist Dr. Fred Muhumuza says Uganda's financial sector is too young and too small to accommodate government borrowing.

Speaking to URN, Dr. Muhumuza said the move by the government to reduce domestic borrowing is good but has come late. In the FY 2016/17 national budget the government expects to reduce domestic borrowing to Shs 612 billion from Shs 1.4 trillion borrowed in FY 2015/16.

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