Finance Minister, Matia Kasaija Uganda’s public debt is projected to grow to over Shs70 trillion in the Financial Year 2021/2022 thanks to increasing borrowing to fight COVID-19 and fund infrastructural projects. In 2021/22 FY, a total of Shs10.3 trillion is projected as external financing, of which Shs6.7 trillion is in form
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Uganda Railways Corporation -URC has not only consistently maintained its reputation among the worst performing public bodies in which billions of taxpayers money get lost but has also added unaccounted foreign loans to the losses it inflicts on Ugandans. A report by the Auditor General has revealed unexplained loans accessed by the
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The Auditor General has revealed that Uganda’s ballooning public debt is likely to leave no room for future Governments or generations to borrow if the current Government doesn’t contain its appetite for loans. John Muwanga (pictured), the Auditor General made the revelation today while handing over the February 2021 Auditor General report
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