Each Ugandan now owes Shs1.5m as national debt hits Shs65t
Daily Monitor Monday April 26 2021 Summary Government has accumulated a staggering Shs65trillion public debt, up from Shs49trillion in 2019, with officials justifying that they borrowed the money to finance key infrastructural projects 9in transport, oil and gas sectors. The country’s debt is set to surpass the 50 per cent threshold in 2022. Advertisement This means that of the estimated 43 million Ugandans, each one owes lenders Shs1.5 million. The country’s public debt portfolio is projected to swell in the next financial year, with economists warning that it could surpass the 50 pe...
Source: monitor.co.ug