Bank of Uganda Warns Finance Minister Over High Debt Levels Top story

Comments 880 Views Kampala, Uganda
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Bank of Uganda Building

In short
The acting Secretary to the Treasury, Patrick Ochailap says that the current budget and the other spending forecasts were made just before the second lockdown was announced earlier this month, adding they could not have predicted the future.

Deputy Governor Atingi-Ego warns that the country is sitting on the edge, and that if any large-scale emergency happened, it would not be able to respond due to lack of funds.

 

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