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Ugandan Government Loses Shs359 Billion In Unused Loan Charges

Ugandan Government Loses Shs359 Billion In Unused Loan Charges

Following an analysis contained in the report by the Auditor General for the year ending June 2022 raised a red flag on the cost of undisbursed loans causing hemorrhage of taxpayer’s money. In the year under review the government paid commitment fees mounting to Shs 77.5 billion, a two percent drop from the previous year. The Shs 31.6 billion of ...

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