Parliament Grill Finance Ministry Over Uganda’s Surging Debt Levels

January 13, 2024 Uganda news Comments Off on Parliament Grill Finance Ministry Over Uganda’s Surging Debt Levels

Lango Demands Cutting Parliament By 300 Members

Members of Parliament on the Budget Committee have voiced growing apprehensions about Uganda’s mounting debt burden. They pressed the Ministry of Finance, Planning, and Economic Development for strategies to effectively manage this fiscal challenge. State Minister for Finance, Henry Musasizi, revealed that the total debt stock as of June 2023 reached $23.7 billion (sh91 trillion). This is a notable increase ...

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 ...