Budget Cuts On Key Ministries Could Lead To Food Insecurity

January 16, 2023 Uganda news Comments Off on Budget Cuts On Key Ministries Could Lead To Food Insecurity

Concern is rising that budget cuts to key ministries like Agriculture may lead to food insecurity. In December 2022, the government tabled the draft budget estimates for the financial year 2023-24. The projected expenditure had been increased by Shs1.8 trillion from Shs48.1 trillion in the current financial year to Shs49.9 trillion. However, to note, if agriculture doesn’t receive more resources, ...

Uganda Public Debt Stands At Shs73.5 Trillion

June 15, 2022 Economy Comments Off on Uganda Public Debt Stands At Shs73.5 Trillion

At the close of December 2021, the public debt stock stood at Shs73.5 trillion. Shs45.72 trillion of that is the total amount of external debt while the domestic debt amounted to Shs27.8 trillion. Matia Kasaija, the Finance Minister said the rise in debt could mainly be associated to the need to support the economy and preserve the welfare of households ...