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UDN WEEKLY NEWSLETTER 476th EDITION 2026

Before Uganda's government spends a single shilling on a school, a road, or a hospital, UGX 26 trillion is already gone. That is the reality of Uganda's debt rollover crisis

In this week’s edition, we analyse What debt rollover is and why it now consumes over half of every domestic securities auction, How Uganda's debt-to-GDP ratio crossed the IMF's 50% threshold and is headed for 55.5%, Why ordinary Ugandans bear the cost, from underfunded social services to a private sector squeezed out of credit and What the government is doing and what remains dangerously fragile

Uganda's debt rollover is not a technical footnote buried in a budget document. It is one of the most consequential fiscal decisions shaping public service delivery in this country today.

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