public debt

Soaring public debt worries CSOs

Prossy Kisakye | January 12, 2024

Civil Society Organizations (CSOs) are concerned about the soaring public debt in the country. According to the Auditor General’s Report for the financial year 2022/23, the total public debt as of 30th June 2023, amounted to Shs96.168 trillion. Mr Jeff Gidaguyi Wadulo, the head of programs and advocacy at the […]

Business News

Govt optimistic debt is on declining trend

Ritah Kemigisa | March 23, 2023

The finance ministry permanent secretary, Ramathan Ggoobi has maintained that Uganda’s rising debt is sustainable and remains below those in peer countries, including Rwanda and Kenya, whose debt to GDP ratios are beyond 60%. Uganda’s public debt has since increased by 48.4% hitting Shs86.6 trillion as of June 2022. Officiating […]

News

Uganda’s public debt hits Shs86.6 trillion

Ritah Kemigisa | January 20, 2023

The latest annual report by the auditor general has revealed that Uganda’s public debt has risen to Shs86.6 trillion which is beyond the debt ceiling as required by the International Monetary Fund. Presenting the report to parliament, the Auditor General, John Muwanga observed that Shs38.1 trillion out of the total […]