<\/p>\n
By Samuel Ssebuliba<\/p>\n
Economics expert have warned to relax its borrowing appetite before it is too late to rescue the countries indebted economy.<\/p>\n
According\u00a0 to the Auditor general\u2019s report of 2018, Uganda\u2019s public debt has increased by 22 per cent, rising from Shs 33.99 trillion as of June 30, 2017, to Shs 41.51 trillion as of June 30, 2018.<\/p>\n
Speaking during KFM\u2019 hot seat show yesterday, Dr Ezra Suruma the presidential advisor on finance also Makerere University Chancellor \u00a0said that the rate at which Uganda is borrowing is alarming and is likely to affect the economy.<\/p>\n
He said that urgent avenues are needed that can ignite the country economy to be able to repay the monster debt.<\/p>\n
However the minister for Finance matia Kasaijja said that Uganda’s debt to GDP ratio of 41 per cent is still below the International Monetary Fund risky threshold of 50 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Samuel Ssebuliba Economics expert have warned to relax its borrowing appetite before it is too late to rescue the countries indebted economy. According\u00a0 to the Auditor general\u2019s report of 2018, Uganda\u2019s public debt has increased by 22 per cent, rising from Shs 33.99 trillion as of June 30, 2017, to Shs 41.51 trillion as of June 30, 2018. Speaking during KFM\u2019 hot seat show yesterday, Dr Ezra Suruma the presidential advisor on finance also Makerere University Chancellor \u00a0said that the rate at which Uganda is borrowing is alarming and is likely to affect the economy. He said that urgent avenues are needed that can ignite the country economy to be able to repay the monster debt. However the […]<\/p>\n","protected":false},"author":13,"featured_media":39707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[7],"tags":[],"class_list":["post-39706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/39706"}],"collection":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/comments?post=39706"}],"version-history":[{"count":0,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/39706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media\/39707"}],"wp:attachment":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media?parent=39706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/categories?post=39706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/tags?post=39706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}