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Uganda’s rising debt burden worries economists

the Ugandan tax payer is expected to pay out three trillion shillings in interest on borrowed funds in the next financial year, out of the 40 trillion shillings budget.

The three trillion interest repayment on loans will be paid out on top of another 723 billion shillings as external debt repayment, bringing the entire obligation to 11.5 billion dollars, or approximately 44.4 trillion shillings.

However, some Economists say the high interest repayment on borrowed funds presents a major problem for Uganda.

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