IMF: Uganda's Debt Likely to Exceed 50%

Comments 242 Views Kampala, Uganda
IMF Division Chief for Africa Department Axel Schimmelpfennig and Finance Minister Matia Kasaija addressing journalists Blanshe Musinguzi

IMF Division Chief for Africa Department Axel Schimmelpfennig and Finance Minister Matia Kasaija addressing journalists Login to license this image from 1$.

In short
Axel says though Ugandas debt to GDP ratio is projected to peak at 49.5 in the financial year 2021/22 according to government projections, the debt could surpass this set ceiling because of many government spending pressures.

 

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