Uganda: Why Is Govt Borrowing?

The government will continue borrowing to bankroll what a minister says are flagship projects essential to spur the growth of Uganda's economy, presently hamstrung by Covid-19 disruptions, potentially worsening the debt situation.

State minister for Finance in-charge of Planning David Bahati last Friday listed 13 projects that he said "must be implemented to spur the growth of our economy, support the industrialisation agenda, create wealth and jobs for Ugandans."

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