DOWNSIDE OF GROWING PUBLIC DEBT: World bank warns against being comfortable

Uganda’s low risk to debt distress status may not help much with an estimated 50% of the revenue envelope going into servicing of the country’s growing debt of $12 billion dollars (46 trillion) to date, which state affairs will expose the economy to liquidity challenges in the next three years.

The world bank advises that fiscal discipline combined with digitisation could avert this situation, now worsened by effects of the COVID-19 pandemic.

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