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Uganda On The Spot Over Poor Debt Management As Gov’t Is Penalized Shs5.5bn Over Loan Cancellation » Business Focus

Summary by Business Focus

Uganda’s debt stock has increased by 104% over six years from USD12.55Bn in FY 2018/19 to USD25.59Bn in FY 2023/24. The Debt service cost as a portion of the National budget in the FY 2023-2024 was Shs18.56Tn (35%) of the annual National Budget of Shs52Tn. This increased from Shs8.85Tn (27%) in FY 2018/19 out of an annual budget of Shs32.7Tn. According to the Auditor General’s report for FY 2023/24 presented to Parliament recently, it cost Gover…

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Uganda On The Spot Over Poor Debt Management As Gov’t Is Penalized Shs5.5bn Over Loan Cancellation » Business Focus

Uganda’s debt stock has increased by 104% over six years from USD12.55Bn in FY 2018/19 to USD25.59Bn in FY 2023/24. The Debt service cost as a portion of the National budget in the FY 2023-2024 was Shs18.56Tn (35%) of the annual National Budget of Shs52Tn. This increased from Shs8.85Tn (27%) in FY 2018/19 out of an annual budget of Shs32.7Tn. According to the Auditor General’s report for FY 2023/24 presented to Parliament recently, it cost Gover…

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Business Focus broke the news in 6 days ago on Monday, February 17, 2025.

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