Domestic debt has gone up to 6.8 trillion Shillings which is more than 1 percent of Gross Domestic Product Kampala, Uganda | THE INDEPENDENT | The government has acknowledged that it has broken its own domestic debt ceiling, to a level which it calls ‘unhealthy domestic borrowing.’ The amount of debt that …
Read More »Unlimited domestic borrowing creating lazy investors – Uganda debt network
Kampala, Uganda | THE INDEPENDENT | Domestic Borrowing by the government is creating a class of lazy investors, according to the Uganda Debt Network-UDN. Domestic Borrowing is done through the issuance of securities like treasury bills, which are short term debt instruments with tenures ranging from 91, 182 and 364 days …
Read More »COMMENT: Uganda’s big dreams, small purse
Why is country mortgaging her future by relying on external borrowing rather than tax revenue? COMMENT | MUSA MAYANJA LWANGA & FLORENCE NAKAZI | In the recent past, owing to Uganda’s many development needs including large infrastructure projects and expanding public administration costs, government expenditure has significantly exceeded revenue collection. This has …
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