The leaked report indicates that, of the public debt, the external debt accounts for UGX22 trillion, while UGX12 trillion is domestic debt. A leaked report from the Parliamentary Committee of National Economy has warned of Uganda’s ever growing public debt that now stands at a staggering UGX34 trillion. The debt itself is equivalent to 38% of GDP as at June 2017. These revelations come days after the government-owned New Vision newspaper published an article that said the government was planning to borrow more billions of shillings to facilitate payment of salaries for civil servants. The government later downplayed the newspaper…
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