Rising public debt poses risk to Uganda’s development agenda

Uganda’s public debt is now past Shs130trillion, nearly doubling the country’s annual budget, with Uganda now spending nearly 40 percent of the national budget on debt servicing.

Economists warn that high borrowing costs, coupled with excessive borrowing, are affecting spending on health, education, and infrastructure and continue to narrow Uganda’s fiscal buffers,  leaving fewer resources to respond to shocks. 

Sustainable borrowing and prudent management of oil revenue are essential to protect Uganda’s development agenda.

Read more about this feature story here: https://www.monitor.co.ug/uganda/news/national/rising-public-debt-poses-risk-to-uganda-s-development-agenda-5493610#story