Posted inEconomics

Shs240b revenue shortfall widens government’s July deficit

KAMPALA. Uganda’s fiscal deficit widened beyond the government’s July target after tax collections fell short by Shs243 billion while expenditure exceeded the monthly programme, putting renewed pressure on the government’s borrowing requirements. Government operations in July resulted in net borrowing of Shs2.91 trillion, compared with the programmed Shs2.73 trillion, according to the Ministry of Finance’s […]

Gift this article