In Uganda, the resource envelope for the financial year 2021/2022 has been revised downwards to Shs44.7 trillion from Shs45.5 trillion in the ending financial year indicating a 1.7 per cent drop
Realizan control médico a jugadores de la Selección Nacional de Futsal diaadia.com.pa - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diaadia.com.pa Daily Mail and Mail on Sunday newspapers.
National Treasury Cabinet Secretary Ukur Yatani fielded questions from the public via Daily Nation.
In the Sh3.66 trillion FY 2021/22 budget estimates, the Big Four Agenda items have been allocated Sh135 billion. The post-Covid-19 economic recovery (fiscal stimulus) strategy is also not promine
EA Finance ministers juggle to fund recovery but debts mount
Wednesday May 19 2021
Ongoing construction of the Nairobi Expressway in Kenya. Regional economies are borrowing more to plug deficits but economists warn the misuse of borrowed cash through wastage and corruption risks pushing countries into debt overhang. PHOTO | FILE | NMG
Summary
Debt servicing obligations have become a nightmare for regional economies, which have seen significant portions of tax revenues used in paying interest on loans rather than fund government operations and development projects.
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East African finance ministers are walking a tightrope as they try to fix economies ruined by the prolonged effects of the Covid-19 pandemic and repair national balance sheets saddled with huge debts, shrinking revenue sources and increasing expenditure needs.