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Uganda’s debt is manageable, says government

Reporter by Reporter
May 16, 2017
in Business, National News, News
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Anti-gay law- NRM caucus meets
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By Samuel Ssebuliba

Despite admitting that the economy is in distress, government has boasted of maintaining the debt to GDP ratio below East Africa’s threshold of 50%.

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Currently Uganda’s external debt is estimated at about Shs17 trillion, while the domestic debt stood at Shs.11.6 trillion by end of June 2016.

Now according to the state minister of finance in charge of planning David Bahati, Uganda’s debt status is at 38.6% which is far below the 50% regional threshold.

He says with the completion of several long term infrastructure projects like the Standard Gauge Railway whose cost is about Shs45 trillion, the debt burden is expected to reduce even further.

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Opposition asked to spearhead struggle for constitutional reforms

Opposition asked to spearhead struggle for constitutional reforms

June 2, 2023
Mukajanga family seeks involvement in Martyrs Day celebrations

Mukajanga family seeks involvement in Martyrs Day celebrations

June 2, 2023
Nearly half of Ugandans in informal sector earn less than Shs168,000

Nearly half of Ugandans in informal sector earn less than Shs168,000

June 2, 2023
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