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Uganda reports 50.9% debt-to-GDP ratio amid rising domestic borrowing

KAMPALA, Uganda — Uganda’s public debt surged to $32.24 billion during the 2024-25 fiscal year, driven by increased domestic borrowing and heavy investment in the country’s emerging oil and gas sector. The latest Debt Sustainability Analysis Report from the Ministry of Finance, Planning and Economic Development shows a significant climb from the previous year’s total […]

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