Close Menu
The Patriot
    What's Hot

    Acom Esther Promises Justice for Fishermen, Water for Women, and Safety for All

    July 9, 2025

    Uganda’s Electoral Integrity Under Scrutiny as NRM Upholds Bosmic Otim’s Candidacy Despite UNEB’s Unverified Results

    July 8, 2025

    INVESTIGATIVE EXCLUSIVE: Minister Hellen Adoa Accused of Grabbing Farmers’ Tractor and Land in Kapelebyong

    July 8, 2025
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    The PatriotThe Patriot
    Contact Us
    • Home
    • National

      Acom Esther Promises Justice for Fishermen, Water for Women, and Safety for All

      July 9, 2025

      Uganda’s Electoral Integrity Under Scrutiny as NRM Upholds Bosmic Otim’s Candidacy Despite UNEB’s Unverified Results

      July 8, 2025

      INVESTIGATIVE EXCLUSIVE: Minister Hellen Adoa Accused of Grabbing Farmers’ Tractor and Land in Kapelebyong

      July 8, 2025

      Tshisekedi Prepares 60,000 Troops to ‘Retake’ Goma, Bukavu 

      July 7, 2025

      Vice President Jessica Alupo Donates Over 5,000 Mama Kits to Katakwi Mothers

      July 7, 2025
    • Special Report
      Featured

      Acom Esther Promises Justice for Fishermen, Water for Women, and Safety for All

      National July 9, 2025By Stephen
      Recent

      Acom Esther Promises Justice for Fishermen, Water for Women, and Safety for All

      July 9, 2025

      Uganda’s Electoral Integrity Under Scrutiny as NRM Upholds Bosmic Otim’s Candidacy Despite UNEB’s Unverified Results

      July 8, 2025

      INVESTIGATIVE EXCLUSIVE: Minister Hellen Adoa Accused of Grabbing Farmers’ Tractor and Land in Kapelebyong

      July 8, 2025
    • Politics

      Acom Esther Promises Justice for Fishermen, Water for Women, and Safety for All

      July 9, 2025

      Uganda’s Electoral Integrity Under Scrutiny as NRM Upholds Bosmic Otim’s Candidacy Despite UNEB’s Unverified Results

      July 8, 2025

      INVESTIGATIVE EXCLUSIVE: Minister Hellen Adoa Accused of Grabbing Farmers’ Tractor and Land in Kapelebyong

      July 8, 2025

      Tshisekedi Prepares 60,000 Troops to ‘Retake’ Goma, Bukavu 

      July 7, 2025

      Vice President Jessica Alupo Donates Over 5,000 Mama Kits to Katakwi Mothers

      July 7, 2025
    • Patriotism
    • Education
    • Sports
    The Patriot
    Home»Business

    Debt crisis: Govt to reduce domestic borrowing

    April 29, 2023 Business 1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email WhatsApp
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The government has released the Medium Term Debt Management Strategy (MTDS) for financial years 2023/2024 and 2026/2027.

    The strategy was released last Thursday.

    In the strategy, the Ministry of Finance, Planning and Economic Development says in the medium-term during FY2023/2024, the government intends to further reduce domestic borrowing from 2.1 percent in FY2022/2023 to 0.9 percent of Gross Domestic Product (GDP) in FY2023/2024 and increase external borrowing for priority projects.

    The ministry said government borrowing from the domestic market for fiscal purposes in FY2023/2024 is projected at Shs1.585 trillion compared to Shs5 trillion in FY2022/2023, which is equivalent to one percent of GDP.

    “This is in line with the government’s policy decision to maintain domestic borrowing to no more than one percent of GDP in order to avoid crowding out of the private sector,” the ministry said in the strategy.

    Servicing public debt continues to put more pressure on the budget, whereby total interest payments as a percentage of GDP increased from 2.3 percent in the FY2018/2019 to 2.8 percent in the FY2020/2021. It reached 3.1 percent in FY2021/2022, which has an adverse effect on the resources available for the development programmes.

    Keep Reading

    Bank of Uganda Commissions UGX 430 Million OPD Block at Ayago Health Centre III in Lira City.

    €111M Irrigation Project Transforms Farming in Teso, MPs Call for Supportive Infrastructure

    Otuko Raises Concern Over Misuse of Cattle Compensation Funds in Teso

    Abim RDC Launches UGX 828M Otalabar-Apok Road Rehabilitation Project

    UWA Partners with Investors to Develop Luxury Tourism Facilities in National Parks

    RDC Karenga Joins National Launch of Malaria Vaccine in Apac

    Editors Picks

    Acom Esther Promises Justice for Fishermen, Water for Women, and Safety for All

    July 9, 2025

    Uganda’s Electoral Integrity Under Scrutiny as NRM Upholds Bosmic Otim’s Candidacy Despite UNEB’s Unverified Results

    July 8, 2025

    INVESTIGATIVE EXCLUSIVE: Minister Hellen Adoa Accused of Grabbing Farmers’ Tractor and Land in Kapelebyong

    July 8, 2025

    Tshisekedi Prepares 60,000 Troops to ‘Retake’ Goma, Bukavu 

    July 7, 2025

    Vice President Jessica Alupo Donates Over 5,000 Mama Kits to Katakwi Mothers

    July 7, 2025

    2026 WATCH : Ogwal Omara Fires Back at Rivals, Dominates Dokolo North NRM Joint Compaigns as Incumbent MP Goli Faces Backlash.

    July 7, 2025
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    Feedback & comments

    Get back to us on +256761210851 (Call or WhatsApp) or email us at thepatriotsug@gmail.com

    Important Links

    • National
    • Politics
    • Business
    • Opinions

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Patriots. Designed by Sharp Creatives.
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.