Experts warn gov't on unplanned loans

Experts Warn Uganda on Debt as Ambitious Economic Growth Plan Kicks Off

As Uganda officially embarks on an “ambitious” journey to grow its economy tenfold from $53 billion to $500 billion within the next 15 years, starting with the 2025/26 national budget and the fourth National Development Plan on July 1, experts and development partners are sounding a strong cautionary note against unplanned borrowing and persistent fiscal mismanagement. The warnings come amidst widespread concerns about the country’s approach to …

Experts warn gov't on unplanned loans

Kampala, Uganda | THE INDEPENDENT | Experts have urged Uganda to avoid taking loans for which they never prepared and planned, as this distorts growth and development. This comes as the country embarks on what many have termed “ambitious”, a journey to grow the economy from the current 53 Billion to 500 Billion Dollars in the next 15 years. This journey starts with the 2025/26 national budget and the fourth National Development Plan that takes e…