Uganda's debt hits UGX 94 trillion, IMF urges deficit reduction

Uganda’s public debt has risen to unprecedented levels, reaching 94 trillion shillings, according to the current Ministry of Finance annual statistical bulletin for June 2024. This situation has raised eyebrows among economists, despite the government stating that debt levels are manageable. To respond to this, NTV’s Rachel Nabisubi sat down with the IMF country representative, Sebastien Walker, who advised the government to focus on reducing the fiscal deficit and curbing the accumulation of debt. #NTVNews #NTVTonight #NTVWeekendEdition Subscribe to Our Channel For more news visit http://www.ntv.co.ug Follow us on Twitter http://www.twitter.com/ntvuganda Connect with us on Messenger via m.me/NTVUganda