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Uganda: Each Ugandan Now Owes U.S.$414,000 As National Debt Hits U.S.$17 Billion
Monitor, 26 April 2021
Uganda's total public debt has hit a record Shs65.82 trillion as of December 2020, up from Shs49 trillion in 2019, with a Shs16.82 trillion increment due to increased government… Read more »
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Uganda: Interest On Govt Domestic Debt Hits Shs1.5 Trillion
Monitor, 14 April 2021
The government has in a space of one year spent more than Shs1.5 trillion on domestic debt servicing as the country grapples with constrained resource envelop amid growing spending… Read more »
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Uganda: Financing Pressures to Push Up Debt to 48.8 Percent By June
Monitor, 7 April 2021
The African Development Bank (AfDB) has said an increase in financing needs will drive Uganda's public debt to 48.8 per cent by June 2021. Read more »
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Uganda: Uganda Joins Neighbours in Seeking U.S.$750 Million in New Loans
East African, 6 April 2021
East African governments are seeking to borrow more than $750 million in syndicated loans to counter the adverse economic impact of the Covid-19 pandemic. Read more »
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Uganda: Uganda's Debt to Rise By $1billion a Year
Monitor, 2 August 2020
Uganda's debt stock is likely to increase by more than $1b per year even without taking on new loans due to failure by government to utilise borrowed funds, Parliament's committee… Read more »
Ugandan National Debt Sky Rockets to U.S.$18 Billion
Uganda's debt levels has hit a record U.S.$18 billion as of December 2020, up from U.S.$13 billion in 2019. The country's public debt portfolio is projected to swell in the next financial year, with economists warning that it could surpass the 50% threshold. The government has said that it took loans to finance key infrastructure projects in the transport, oil and gas sectors, and to address the negative economic impact of the Covid-19 pandemic. An advocacy group Uganda Debt Network has said: "Debt servicing continues to take a huge portion of government revenue. However much tax measures we put in place, all the monies collected will go into debt repayment for as long as we don't streamline our borrowing against development financing."
InFocus
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Uganda and the African Development Bank (AfDB) have signed a U.S.$229.5 million financing facility for the Kampala-Jinja Expressway. Speaking during the signing in Kampala, ... Read more »
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East African economies have in the past 10 years borrowed over the U.S.$29.42 billion to grow their transport, communication, manufacturing and energy sectors. According to the ... Read more »
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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 »
