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Uganda’s debt to reduce to 34.1% before 2023 ends- Govt

By Our Reporter 15th June 2023 Uganda’s public debt to GDP will reduce by the end of this financial year as the government tries to ensure economic stability and future growth. According to Finance Minister, Matia Kasaija, Uganda’s public debt stood at 80.2 trillion shillings or over twenty-one billion dollars as of the end of […]

No more loan approvals to reduce debts- museveni

By Our Reporter 15th June 2023   President Yoweri Museveni says he is opposed to the number of loans being acquired from domestic and external lenders. Speaking at the conclusion of the budget speech for 2023/2024, President Museveni blamed the appetite for borrowing on indiscipline in government spending. He said some of the loans were […]

60% Ugandans struggling with life – Report

By Elizabeth Ankunda 15th June 2023 A majority of Ugandans are concerned about the cost of living according to the latest survey by Twaweza’s Sauti Za Wanainchi survey. The findings of the survey released before the reading of the 2023/2024 budget also indicate that the citizens also raised concerns about unemployment and hunger.   Twaweza’s […]

Ministers, MPs shun Budget reading at Kololo

By Francis Lubega 15th June 2023 A number of Ministers and Members of Parliament have shunned a special setting for the reading of the National Budget for the Financial Year 2023/24. The Finance Minister Matia Kasaija came to present the Shs52.74 Trillion budget at a function held at Kololo Ceremonial grounds on Thursday. The low […]