The Ministry of Finance in Uganda has recently shared some worrying figures about the country’s borrowing over the past eleven years. According to the 2025/26 National Budget Framework Paper, Uganda has borrowed a huge amount of UGX 43.252 trillion (around US$11.86 billion) since 2013. UGX 16.405 trillion of this money has not yet been used, meaning it remains undisbursed.
The report...
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