Debt, liabilities increase 6 2pc to Rs45 470trln in March
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Debt, liabilities increase 6 2pc to Rs45 470trln in March
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Daily Monitor
Monday May 10 2021
President Museveni (centre) and other officials during the commissioning of a mobile transformer for the Mbale Industrial Park on November 25,2020. PPU/PHOTO
Summary
Debt spiral implies that government is spending more revenue to service debt at the cost of service delivery in more critical areas.
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The government will continue borrowing to bankroll what a minister says are flagship projects essential to spur the growth of Uganda’s economy, presently hamstrung by Covid-19 disruptions, potentially worsening the debt situation.
State minister for Finance in-charge of Planning David Bahati last Friday listed 13 projects that he said “must be implemented to spur the growth of our economy, support the industrialisation agenda, create wealth and jobs for Ugandans.”
Treasury Adviser – International
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