🇺🇬 Uganda's public debt rises 15% on surge in domestic issuance

Uganda's total public debt rose by 14.8% in the 12 months to June, compared with the corresponding previous period, according to the finance ministry. Reuters reported that the increase was driven by higher domestic debt issuance as the government moved to finance a budget deficit.

The figures point to heavier reliance on the domestic market for government borrowing during the latest fiscal period.

#Uganda

🔸 Source

@africaintel