Secretary to the Treasury warns government on debt

Secretary to the Treasury Keith Muhakanizi. PHOTO BY ABUBAKER LUBOWA

Uganda’s national debt has hit a staggering Shs42 trillion, just 8 per cent away from hitting the International Monetary Fund’s redline where the country’s indebtedness will be declared unmanageable and Secretary to the Treasury Keith Muhakanizi has warned government to slow down on further borrowing.

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