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Uganda's debt burden is abuse of power


Uganda’s debt burden is abuse of power
May 5, 2021
Finance minister Matia Kasaija
Uganda’s debt appetite has no end in sight. In December 2019, Uganda’s debt burden stood at about Shs 49 trillion.
In December 2020, debt stood at Shs 65.8 trillion. That is a Shs 16.8 trillion increment. It is safe to say Uganda now collectively owes Shs 1.5m per citizen in debt. But how much of that money has directly gone to the citizens owed?
It is fair to state that the Covid-19 pandemic pushed many economies to the brink and thus the need to borrow money to cushion the populace. However, there are countries, even in the region, that did not borrow as much as we did to cushion the population from the effects of Covid-19. And their Covid-19 figures, in terms of percentages of the population, are not far from our percentages. ....

Matia Kasaija , David Bahati , Eleventh Parliament , Public Debt , டேவிட் பஹதி , பதினொன்றாவது பாராளுமன்றம் ,

Uganda's debt burden is abuse of power


Uganda’s debt burden is abuse of power
May 5, 2021
Finance minister Matia Kasaija
Uganda’s debt appetite has no end in sight. In December 2019, Uganda’s debt burden stood at about Shs 49 trillion.
In December 2020, debt stood at Shs 65.8 trillion. That is a Shs 16.8 trillion increment. It is safe to say Uganda now collectively owes Shs 1.5m per citizen in debt. But how much of that money has directly gone to the citizens owed?
It is fair to state that the Covid-19 pandemic pushed many economies to the brink and thus the need to borrow money to cushion the populace. However, there are countries, even in the region, that did not borrow as much as we did to cushion the population from the effects of Covid-19. And their Covid-19 figures, in terms of percentages of the population, are not far from our percentages. ....

Matia Kasaija , David Bahati , Eleventh Parliament , டேவிட் பஹதி , பதினொன்றாவது பாராளுமன்றம் ,