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UDN WEEKLY NEWSLETTER 447th EDITION 2025

Uganda’s external debt increased from UGX 53.191 trillion in FY 2022/23 to UGX 54.365 trillion in FY 2023/24, reflecting a 2.2% growth. This rise is primarily driven by increased borrowing from multilateral creditors, while debt from commercial banks and bilateral lenders declined. These trends raise concerns about long-term fiscal sustainability and the need for improved debt management strategies.

In this week’s newsletter, we bring you key highlights from the Auditor General’s 2024 report, focusing on Uganda’s debt management challenges, and recommendations for better fiscal planning. For more information please download or click here.