Musasizi notes that the country’s tax contribution to the Gross Domestic Product (GDP) is low at only 13.5 percent compared to the government's expenditure which stands around 23 percent, leaving an annual deficit of over 9percent of GDP that must be financed by borrowing.
The State Minister for Finance, in charge of General Duties, Henry Musasizi address participants in Gulu City during a regional budget consultative meeting.
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