public debt
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News
IMF’s Sub-Saharan Africa Regional Economic Outlook: Reform amid great expectations
Washington, DC – October 26, 2024 — Sub-Saharan Africa’s economic growth is projected to remain subdued at 3.6 percent in 2024, unchanged from 2023, with a modest pickup to 4.2 percent expected…
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News
Fighting smuggling: URA recovers Shs 9bln in six days
BUSIA, February 9, 2024, The Uganda Revenue Authority [ URA ] says it has recovered Shs 9 billion in the last six days while apprehending smugglers in some districts bordering Kenya. This…
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News
Parliament to assess country’s debt
KAMPALA, January 31, 2024 – Deputy Speaker of Parliament, Thomas Tayebwa has directed the Committee on National Economy to assess the country’s huge public debt, which continues to raise eyebrows among citizens.…
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Cooperatives & Communities
Parliament to curb public borrowing, says Speaker Among
The Speaker of Parliament, Anita Among, has reiterated Parliament’s commitment to check public borrowing. Among said this on Tuesday while receiving the Annual Report of the Auditor General on the Public Accounts…
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International
Developing countries paid record US$ 443.5bln on public debt in 2022-World Bank
WASHINGTON, Dec 14, 2023— Amid the biggest surge in global interest rates in four decades, developing countries spent a record US$ 443.5 billion to service their external public and publicly guaranteed debt…
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Financial
Priotise domestic arrears in new financial year, CSBAG urges govt
KAMPALA – Civil Society Budget Advocacy Group [ CSBAB ] has urged government to address domestic arrears in the new financial year which begins on July 1, 2023. Patrick Rubangakene, CSBAG’s economist…
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Finance & Banking
ECF: Uganda to receive over Shs 880bln from IMF
KAMPALA-Uganda stands to receive an additional US$ 240 million from the International Monetary Fund [IMF] under the Extended Credit Facility [ ECF ] approved by the IMF Executive Board on June 28,…
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Cooperatives & Communities
URA introduces new mechanisms to collect more taxes
FORT PORTAL– In a bid to beat the target of collecting Shs 25 trillion in the next financial year 2022/23, Uganda Revenue Authority [URA] has introduced new mechanisms meant to get more…
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