Last year Parliament approved loans to the tune of UGX18.69 trillion, according to the report detailing the business transacted by the House in the year 2020. The approved loans are up from the UGX6.15 trillion that legislators approved in 2019.According to the report, 17 loan request proposals authorizing government to borrow were approved. These were tabled by government through the Ministry of Finance, Planning and Economic Development and considered by the House National Economy Committee.These include; a UGX1.1 trillion (US$ 300.0 million) loan from the International Development Association (IDA) of the World Bank Group for budget support for financial year 2019/2020…
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