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Uganda: Is Uganda's Rising Public Debt Worth It?
East African, 8 July 2019
Uganda's public debt is projected to reach $18 billion --or more than 50 per cent of the country's GDP -- by the end of financial year 2022/23, according to economists, with… Read more »
Is Uganda's Rising Public Debt Worth It?
Economists say the country's public debt is projected to reach U.S.$18 billion or more than 50% of the country's GDP by the end of financial year 2022/23. This is attributed to heavy borrowing to fund large infrastructure projects in the transport and energy sectors, occasional surges in military spending and humanitarian aid.
InFocus
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Taxes on imports and petroleum products and pay as you earn remittances will be the government's biggest revenue generators to fund the country's 2019/20 Financial Year budget. ... Read more »
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East African governments are being advised to set up independent debt management offices and increase their country's central bank capacity to improve economic management. Debt ... Read more »
