US EditionUganda’s Public Debt Surges 18% in 2024 Amid Infrastructure Spending – The Black Examiner
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Uganda’s Public Debt Surges 18% in 2024 Amid Infrastructure Spending – The Black Examiner
Uganda’s public debt climbed sharply by 17.8% in 2024, driven by increased domestic borrowing to finance infrastructure projects and cover budget deficits, according to a new report from the finance ministry. The country’s total debt stock rose to $29.1 billion by December 2024, up from $24.7 billion the previous year. The rising debt levels have drawn criticism from opposition parties, who argue that the growing repayment burden is straining nat
·Uganda
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