May 19, 2023

410th NEWSLETTER EDITION

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410th NEWSLETTER EDITION

In this week's newsletter, as the government of Uganda continues to struggle to manage its ever-increasing domestic public debt, which has now grown to shs. 86.35 trillion, equivalent to approximately 49.6percent of the country's gross domestic product (GDP). According to the Bank of Uganda’ State of the Economy report, it was noted that interest payments on public debt now took on the largest share of tax revenue thus “clouding out other priority
budgetary items.”