Uganda's debt hits UGX 94 trillion, IMF urges deficit reduction
Uganda's debt hits UGX 94 trillion, IMF urges deficit reduction
Uganda’s public debt has risen to unprecedented levels, reaching 94 trillion shillings, according to the current Ministry of Finance annual statistical bulletin for June 2024. This situation has raised eyebrows among economists, despite the government stating that debt levels are manageable. To respond to this, NTV’s Rachel Nabisubi sat…
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Am of a view that we get a think tank with a goal of managing our public debt. Reforms like admn costs, road works and herbal medicines can be discussed to pave way for saving and ultimately pay our debt.
But to think Uganda can streamline the debt is like a wet dream which will never come to pass…
94 what 😳😳
IMF screwed us once, don't screw us again
Museven mazzi
We're doomed
Uganda government should stop giving people hard cash like Paris model money, instead of constructing more factories and industries and urging already manufacturing companies to multiply which provide taxes and employment .Education introduce new educational skills like every completing high school should have a driving license, truck driving licenses.
Rachel, I am afraid GOVERNANCE is the worst among the list mentioned by Mr. Walker. Everything else he has said that we should do depends on how we are governed. The lack of good leadership or precisely GOOD GOVERNANCE is the most intractable problem, a detriment and an impediment to our progress we are facing since 1966. Had Uganda retained what we had unanimously agreed at independence in 1962, most of our problems today would be nonexistent.
Moreover, the people have time and again demanded the reinstatement of the UGANDA FEDERATION and the legitimate 1962 Constitution of Uganda in which it is enshrined but to no avail. In fact, the Ssempebwa-Odoki Constitutional Commission of 1995 had found the same of nearly 80% of the people surveyed. Hence, no matter what we do, we are not likely to make any progress at all unless we reverse the course we have taken, back to what worked so well in the first four years of independence (1962-1966).
By amending the legitimate 1962 Constitution of Uganda, we would immediately confer the federal status on all the 15 major jurisdictions of Uganda and their municipalities, recognising the devolved powers of their local governments such as the levying of taxes and the legislating of their local laws among others in the UGANDA FEDERATION. Power-sharing with the central government would be based on the guarantee that their powers must never be infringed, abridged or curtailed. Today, only the old kingdoms of Buganda, Bunyoro, Busoga and Tooro that have a functional local government; and adamantly insisting that they should govern themselves as unanimously agreed since independence.
Gifted by nature, Uganda does not lack anything, whether it is the means or resources to prosper. Nevertheless, the means and resources at our disposal will never amount to anything until we have achieved GOOD GOVERNANCE. Therefore, Uganda is not yet a rich country, nor is it poor at all. We are simply a very badly governed "low income" country.
Why doesn't he talk about USA s 35 trillion dollars debt?
Trim the government
With corruption at large no way.