Uganda Proposes a 15 Percent Raise in Spending to Shs30.2 Trillion for 2017/8 Budget

Private sector say government proposal to increase domestic borrowing from Shs1.3trillion to Shs1.4 trillion will deny them of cheap financing during the year

Uganda has once again released its budget proposal for the next financial year, raising government spending 15% to Shs30.2trillion in the fiscal year from July, with bulk of the increase going to security, works and transport, energy and mineral development.

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