Committee on National Economy

Uganda in Shs41 trillion debt

Uganda in Shs41 trillion debt

The State Minister of Finance for Planning, Hon David Bahati, has declared that Uganda’s public debt is at Shs41 trillion, which is an equivalent of US$10 billion. In a statement to Parliament read by Bahati, government also said the debt stock has increased from US$2.5 billion in the 2006/2007 financial year to US$10.7 billion by the end […]

Parliament approves loan worth US$ 91.5 for rural electrification in northern Uganda

Parliament approves loan worth US$ 91.5 for rural electrification in northern Uganda

Parliament has approved two motions authorizing government to borrow up to US$102.88million intended for rural electrification projects. Government is set to borrow US$91.5million from the International Development Association (IDA)of the World Bank to finance the Grid Expansion and Reinforcement Project. The project is intended to increase availability and efficiency of bulk electricity supply in Gulu, […]

Parliament approves Government loan to fund MATIP 2

Parliament approves Government loan to fund MATIP 2

Parliament has approved a loan, authorizing Government to borrow USD 84.2million from the African Development Bank to finance Phase 2 of the Market and Agriculture Trade Improvement Programme (MATIP 2). The programme aims at tackling market infrastructure development, value addition and trade facilitation. It will be implemented over a five year period in nine municipalities […]