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Through the report on public debt, grants ,guarantees and other financial liabilities for the financial year 2023/2024, the Ministry of Finance is in negotiations with different institutions including the Citi Bank to procure an extra 29 loans.
These loans amount to UGX 18 Trillion and they are to be used in road construction, enhancing agricultural production, quality and standards for the market access project and for the development of the Kisoro and Kasese industrial parks.
This comes at a time when Uganda’s public debt has grown to UGX 93.38 Trillion as of December 2023. The report will be laid before Parliament, by the Finance Minister in accordance with the Public Finance Management Act, 2015.
May this be the reason why parliament is currently passing un thought of tax bills or its the system that wishes to see it’s people incapacitated financially?
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Ministry Of Finance To Procure More 29 Loans Amidst Uganda’s Growing Public Debt.
