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@chimpreports Sat, 30 Dec 2023 09:49:39

Uganda: For Every Shs 100 Collected in Tax, Shs 32 Goes to Paying Debts 

Uganda’s debt portfolio is growing at an alarming rate, raising concerns about its sustainability and impact on public service delivery. According to the State of the Economy report released by Bank of Uganda in December 2023, debts continue to pile a lot of pressure on tax revenues. “Although recurrent expenditure also underperformed the budget, interest …

The post Uganda: For Every Shs 100 Collected in Tax, Shs 32 Goes to Paying Debts  first appeared on ChimpReports.

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