Bank of Uganda has tasked government to consider acquiring commercial loans with a maturity time frame of four years. According to BOU Officials, Uganda’s debt service payment in the next four years stands at 900 Million USDs and the country cannot stand a risk of adding more.
MICHEAL Atingi-Ego the Deputy Governer of Bank of Uganda was responding to concerns on the budget framework paper for 2023/2024 during an engagement with the Parliamentary committee on Finance.
The Deputy Governor also advised government to be mindful of the growth enhancing activities in its campaign relating to Fiscal consolidation.
