Tag Archives: national debt

Kampala, Uganda | THE INDEPENDENT | The government of Uganda has proposed a raft of measures aimed at improving public expenditure next year, but also to reduce reliance on external support, raising questions as to how half of the budget will be financed. The budget process for 2023/24 which climaxes in June …

London, UK | Xinhua | United Kingdom (UK) Prime Minister Rishi Sunak pledged to halve inflation and boost the country’s economy in his first major speech in 2023 on Wednesday. Sunak made five pledges. These are: to halve inflation; to grow the economy; to reduce national debt; to cut hospital waiting …

Senate passes stopgap bill to avert shutdown ahead of Friday deadline Washington, U.S. | Xinhua | The U.S. Senate on Thursday passed a three-week spending bill to fund the federal government through March 11, just a few hours before the current funding expired on Friday. The bill, already approved by the …

Washington, U.S. | Xinhua | The U.S. national debt has surpassed 30 trillion U.S. dollars for the first time, raising concerns about future fiscal sustainability, as the Federal Reserve prepares to raise interest rates to tame inflation. The total public debt outstanding exceeded 30 trillion dollars on Monday, which included 23.5 …

Dar es Salaam, Tanzania | Xinhua | Tanzania’s parliament speaker Job Ndugai resigned on Thursday following a video clip in which he criticized the government’s borrowing trend, saying it was unhealthy. In a statement released by parliament in the capital Dodoma, Ndugai said he has written a letter to the secretary …