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Govt spending increases by 12.8 per cent

Daily Monitor Monday May 24 2021 Workers work on a road in Arua town. The government has, over the years, maintained increased spending towards infrastructure development. FILE PHOTO Summary During the period ended April, according to the Ministry of Finance Performance of the Economy report, government spending rose to Shs2.897 trillion, which was 12.8 per cent higher than the planned Shs2.568 trillion. Advertisement Government spending surged during April, rising by an unprecedented 12.8 per ...
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Lending rates edge up to 19.9 per cent

Daily Monitor Wednesday April 21 2021 Summary During February, government borrowed Shs 901.21b from the domestic market through two T-Bill auctions and one T-Bond auction. At least Shs440.11b was raised from T-Bills while Shs461.11b came from T-bonds. Advertisement Interest rates for both shilling and dollar-denominated loans edged in February, according to data from the Ministry of Finance.  This was contrary to a stable Central Bank Rate that the Central Bank has maintained at 7 per cent sin...
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