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Govt Seeks To Borrow Shs380bn From Local Banks For Classified Expenditure

Uganda’s public debt is slowly but surely moving towards hitting the Shs50 trillion mark given the increasing appetite by the government to borrow. The latest is that government is seeking to borrow USD100M (about Shs380.4bn) from domestic  commercial banks for classified expenditure purposes. “Classified expenditure” means the expenses and commitments

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