Ugandas Public Debt Rises 15 Percent
Ugandas total public debt rose by 14.8 percent to 37.1 billion dollars in June. The increase was driven by higher domestic debt issuance to fund the budget deficit.
Uganda's public debt rose 15% to $37.1 billion in late June compared to the previous year, driven by higher domestic issuance. The debt load climbed to 54.3% of GDP, up from 51.3% in the corresponding period. The domestic push aims to fund budget deficits and lower refinancing risks through long-term borrowing.
