Govt fails to utilise Shs1.3 trillion of borrowed funds
Daily Monitor Wednesday March 17 2021 At least 12 loans expired before they would be disbursed due to low absorption capacity. PHOTO | FILE Summary According to the Auditor General’s report for the year ended June 2020, the failure to utilise the borrowed money was due to low levels of loan absorption, which is affecting government projects and service delivery. Advertisement Twelve loans valued at Shs1.3 trillion expired before disbursement to respective ministries and government entities for use, according to the Auditor General. According to the Auditor General’s report for the yea...