UDN WEEKLY NEWSLETTER 439th EDITION 2024
July 15, 2024 2:28 pmOver the past decade, Uganda’s debt and GDP have been growing at an average rate of 18% and 11%, respectively.... View Article
Over the past decade, Uganda’s debt and GDP have been growing at an average rate of 18% and 11%, respectively.... View Article
UGANDAS DEBT SITUATION AND THIS YEAR BORROWING PLAN Uganda’s public debt stock has been on the rise in the last... View Article
On June 13th, 2024, Minister of Finance, Planning, and Economic Development Matia Kasaija presented the Budget for the Financial Year... View Article
Uganda Debt Network (UDN) – UNICEF– Ministry of Finance Planning and Economic Development (MoFPED) partnership launched the latest Open Budget... View Article
Uganda Debt Network (UDN) together with Ministry of Finance, Planning and Development (MOFPED), United Nations Children Fund (UNICEF), and Uganda Association of the Blind (UNAB) have launched the first braille and audio-visual version of the Citizen Guide to the budget for the Financial Year (FY) 2023/2024. This comes after the National Budget Month engagements in June where UDN pledged to produce the Citizens Guide to the budget for FY 2023/2024 in braille to promote inclusivity, accessibility, active participation and visibility of concerns specific to people with visual impairment. The Citizens Guide to the budget is a simplified document that is developed to enable the general public to understand the government budget. It includes a summary of the national budget priorities for a given year, how government plans to raise revenue, and the different allocations to different programmmes.
In the Financial Year (FY) 2020/2021, the government of Uganda made a significant shift by adopting the programmatic approach to planning and budgeting as the implementation strategy for the third National Development Plan (NDPIII), replacing the sector-wide approach. This transition was aimed at enhancing efficiency and effectiveness in resource allocation and utilization towards achieving the development goals outlined in NDPIII. As we delve into this week's newsletter, we shed light on the challenges that have arisen due to this new approach. For more details, please download the attachment
The Debt Sustainability Report analysis indicates that Uganda’s public debt stock increased from USD 20.99 billion (UGX 78,833.4 billion) in FY2021/22 to USD 23.66 billion (UGX 86,779.87 billion) in FY2022/23 with external public debt increasing from USD 12.82 billion (UGX 48,171.8 billion) to USD 14.23 billion (UGX 52,206.07) between June 2022 and June 2023, and domestic public debt increasing from USD 8.16 billion (UGX 30,661.6 billion) to USD 9.43 billion (UGX 34,573.80 billion) over the same period.
Uganda is losing billions in tax revenue from gold exports. The Auditor General’s report for the Financial Year 2022/23 found... View Article
The long-awaited Auditor General’s Report for June 2023 is finally here, and as expected, it paints a mixed picture of... View Article
Uganda Debt Network (UDN) in partnership with UNICEF hosted a citizens’ engagement meeting with the Office of the Auditor General... View Article
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